SOYBEAN BID/OFFERS

Cash Contract
Can be sold for any delivery month. Both futures reference price and basis are fixed at time of sale.

Spot Contract
No contract prior to physical delivery. Monday-Friday delivered bushels will be priced at Norfolk Crush’s daily closing nearby cash bid. Saturday or Sunday spot deliveries will be priced using the opening futures reference price of the following Monday’s CBOT regular day session +/- delivered basis.

Basis Contract

• Undelivered: Locks in basis for a forward delivery month, keeping contract’s futures reference price exposure open.
• Delivered: Title of soybeans passes to Norfolk Crush upon delivery. Futures reference price must be established, or contract rolled prior to first position day of futures reference month. Fee to roll to a deferred pricing window is 1c.

HTA Contract
Establishes contract futures price, maintains basis exposure. Basis must be priced prior to physical delivery of soybeans. Futures reference price and physical delivery can be rolled to any futures month within the current crop year at a 1c fee. Rolling of futures reference price beyond current crop year only allowed at the discretion of Norfolk Crush.

• Current HTA Fees
  • 2024 crop year 5c
  • 2025 crop year 8c

2024 Harvest Price Later Contract – If priced within 14 days from time of delivery no price later fees. After 14 days bushels start accruing price later fees at $0.001666/bu/day. Going back to original date of delivery. There will not be any minimum charges. Price later rates subject to change. Contact a Norfolk Crush merchandiser to discuss harvest plans.

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