MNSP 2026 Grain Policy:
MNSP will Minnesota Soybean Processors WILL be accepting Roundup Ready 2 XTEND Soybeans. This may be subject to change based on export markets.
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.
