Contract delivery date delivery and payment.

[TOM4CWB]

kamichel,

I assume this was not a production contract but a flat price on a specified tonnage.

Earlier delivery has always meant a lower price this has been my experience Viterra.

Even on Pea contracts they normally create a basis... and earlier fall delivery almost always means a lower price.

I just flipped a Canola contract from October delivery to September, It costed me the basis difference $3/t on this Canola. I considered this a reasonable price to pay, and I do get my cheque almost a month earlier. Now I can refill my best hopper air storage with Canola again.

What is reasonable?

Delivery off the Combine is worth big bucks for one less handle, less splits, freed up good storage.

IMHO, I think it is fair for you to need to wait till October to cash the cheque.

[kamichel]

True Tom delivery off the combine for you is worth something as it is for everyone.
But that was a deal made between you and the company you dealt with, the buyer offered it to you and you took it. If on the otherhand a company goes ahead with an earlier delivery date and I am able to deliver and no talk of price change then I believe the contract price should be paid on delivery just as it would have been paid if delivered in the contract month.

[kamichel]

As mustardman and others most of us had verbal talk with the buyers that they may take the peas earlier just that Sept. and Oct. delivery were on the contracts to make delivery time safer for the buyer and the grower to meet.

[kamichel]

At the moment I have been put in my place.
SWP local elevator say that I cannot have my check on delivery and that the other SWP elevators will be called to stop paying the farmers on delivery.
I cannot believe it.

[kamichel]

Their Loss