MnSP will be offering a price later program. Only farmer delivered bushels will be eligible to be placed on price later. There will be no charges until Oct 31. There will be a .20/bu charge starting Nov 1 for any un-priced bushels, and .05/month starting Dec 1. All bushels must be priced by the market close April 30, any bushels not priced will automatically be priced at the market close April 30. Our price later program will be subject to space availability and may end at any time as available storage space fills
Minnesota Soybean Processors WILL be accepting Roundup Ready 2 XTEND Soybeans. This may be subject to change based on export markets.
If you have any questions, please call us at 507-842-6677
In response to customer requests to simplify soybean settlement paperwork, Minnesota Soybean Processors will be changing our settlement procedures and payment terms. As of September 1, 2016 we will send settlements and pay for soybeans upon completion of contract. This will allow us to print all loads applied to the contract on one settlement, which will make it much easier for customers to reconcile with their records. We will still offer both direct deposit and written checks as forms of payment. To coincide with this change we are eliminating the overrun/underfill policy, the full amount stated on the contract will need to be delivered, also any bushels delivered over the stated contract amount will be spot priced, or applied to a Price Later program if one is offered at the time of delivery. Our spot policy will remain the same, unless instructed differently all bushels over contract amount will be spot priced on the following day’s close. It is the responsibility of the seller to manage their contracts and to communicate. If the supplier does not otherwise call in advance and sell the overrun or place on available programs the bushels will be spotted on the following days close.
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