Supplier & grower contracting · Grain handling & elevators
Grower contracts executed and tracked clean.
Growers book bushels by phone on forward cash, hedge-to-arrive, and basis contracts. A contract left unpapered or stale as basis moves becomes a settlement dispute at delivery.
The reality
Contracting is a documentation problem.
A grower books bushels on an HTA or forward contract over the phone, the terms have to be papered, the counterparty has to be on file, and the basis has to be set and updated — and if any of that is loose, the bushels and the price don't reconcile when the grain shows up.
The operator owns contracting: it originates the purchase contract, captures the contract type and pricing terms, completes the counterparty documentation, books the bushels, and updates basis so the contract is confirmed and current in the system.
How the operator runs supplier & grower contracting
Contract HTA-7044 · Origination
drafting- Contract type and bushels captured
- Futures month and price set
- Purchase contract — drafting
01Originate the contract
Captures the contract type, bushels, and pricing terms from the grower booking and drafts the purchase contract.
Contract HTA-7044 · Counterparty
documenting- Grower record verified
- Counterparty docs completed
- Contract — routing for signature
02Complete counterparty docs
Verifies the grower record, completes the counterparty documentation, and routes the contract for signature.
Contract HTA-7044 · Booking
confirming- Bushels booked in system
- Basis applied to contract
- Confirmation — sending to grower
03Book and confirm bushels
Books the bushels into the system, applies the current basis, and confirms the contract back to the grower.
The outcome
−55% of contracting work off the team
All grower contracts executed and tracked.
- Forward, HTA, and basis contracts papered and booked the day they're struck
- Counterparty documentation complete before grain is delivered
- Basis kept current so contracts reconcile cleanly at settlement
Common questions
Supplier & grower contracting
- What does the Supplier & grower contracting operator do?
- The operator owns contracting: it originates the purchase contract, captures the contract type and pricing terms, completes the counterparty documentation, books the bushels, and updates basis so the contract is confirmed and current in the system.
- What impact does the Supplier & grower contracting operator have?
- −55% of contracting work off the team. All grower contracts executed and tracked.
- How does the Supplier & grower contracting operator work?
- Captures the contract type, bushels, and pricing terms from the grower booking and drafts the purchase contract. Verifies the grower record, completes the counterparty documentation, and routes the contract for signature. Books the bushels into the system, applies the current basis, and confirms the contract back to the grower.
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