We also offer a variety of grain contracts, including:

Basis contract:

• Basis is set now, with the futures price and final price to be set at a later date.
• You can deliver grain against a basis contract and set the futures price later.
• Use this contract when basis is “firm” or “narrow,” but you think futures prices will go up in the future.

Hedge-to-arrive contract: (HTA)

• Futures are set now, with basis and final cash price set later.
• Basis must be set prior to delivery.
• Use this contract when futures look good, but you want to wait to set basis. It’s mostly used when you want to sell grain out forward, usually six to 12 months or so.
• There is a fee attached to this contract. Please call your nearest UFC location for details.