A year-round corn market for area farmers.
Christensen Farms buys corn directly from farmers to produce feed exclusively for the pigs we own. With three feed mills across the Midwest, we provide a year-round corn market for area crop farmers. We currently operate feed mills in Sleepy Eye, Minnesota; Forest City, Iowa; and Atkinson, Nebraska.
Click here for Corn Bids
For information regarding prices, contracts and services, access the link above or contact our corn purchasing staff via phone or e-mail.
CORN INFORMATION
Corn Buying Hours – Monday to Friday (ALL Locations): 8:30 a.m. – 1:15 p.m.
Corn Receiving Hours – Monday to Friday:
Forest City, IA:
Monday-Friday: 6:30 a.m. – 5:00 p.m.
Christmas Eve: Closing at 3 p.m.
Christmas Day: Closed
New Year’s Eve: Closing at 3 p.m.
New Year’s Day: Closed
Sleepy Eye, MN:
Monday-Friday: 6:30 a.m. – 5:00 p.m.
Christmas Eve: Closing at noon
Christmas Day: Closed
New Year’s Eve: Closing at noon
New Year’s Day: Closed
Sleepy Eye Corn Receiving Phone Number: 507-738-9668
Atkinson, NE:
Mon.-Thur.: 6:00 a.m. – 3:00 p.m.
Friday: 6:00 a.m. – 12:00 p.m.
Call before you haul: 402-925-5812
Christensen Farms is buying new crop corn for delivery to B.U.G in Atkinson, NE. Please contact us at 1-866-648-6588 to set up delivery.
Checks that are deferred to 2025 will automatically be sent in the mail January 2nd unless pick-up is arranged by calling 866-648-6588.
CONTRACTS OFFERED
A cash or forward contract allows you to establish the delivery month, quantity, and price for your corn.
Features
- Guarantees a cash price
- Potential to capture market carry
Advantages
- Simplest type of contract
- Can take advantage of favorable current market for future delivery months
Disadvantages and Risks
- Cannot take advantage of further improvements in futures/basis
- Corn must be of sufficient quality to be purchased by Christensen Farms
Example: On March 4th, you establish a $3.44 cash price for corn you’ll be delivering in October.
A fixed basis contract allows you to lock in a basis when you believe it is more favorable now than it will be later. You now have the ability to lock in a futures price within a specified time period before delivery.
Features
- Guarantees a local basis price
- Establishing a price level can be delayed until a later time
Advantages
- Timely delivery of corn based on contracts and storage
- Provides flexibility to participate in markets and determine a cash price when you want
- No storage fees
- Only protects a small portion of price risk. Futures risk is greater than basis risk
- You bear the risk of any changes in the price levels over the life of the contract
- Requires you to pay attention to the futures markets and determine best time to establish a cash price
- Corn must be of sufficient quality to be purchased by Christensen Farms
Example: On February 3rd, you lock in a basis of -$.33 to the July board on 10,000 bushels to be delivered in June. The current CBOT futures price for July is $3.97. The cash price on February 3rd would therefore have been $3.64. On May 10th, you decide to establish your futures for your contract. July board is now $4.07 and your cash price is $3.74.
A price later contract allows you to deliver corn now, have flexibility to participate in markets, and lock in a price at a later date.
Features
- Deliver corn without establishing any price
- Must be priced within one year of established date
Advantages
- Deliver corn immediately and eliminate storage risk
- Take advantage of basis/futures improvement
- Can price the entire contract at once or in small quantities.
- Downside price risk is unlimited
- Payment isn’t made until contract is priced
- Ownership transfers to buyer
- Handling or storage fees may apply
- Corn must be of sufficient quality to be purchased by Christensen Farms
Example: On November 8th, you deliver corn on price later. The current cash price is $3.80. On April 14th you decide to price your contract at current cash price, $4.50, less any incurred fees.
A deferred payment contract allows you to delay payment for your corn.
Features
- Delays payment for corn deliveries
- Cash, Forward, Fixed Basis, and Price Later contracts can be deferred
- Payment cannot be made until deferred date in contract
- Deferred Payment Contracts need to be established prior to settlement
- Downside price risk is unlimited
- Payment isn’t made until contract is priced
- Ownership transfers to buyer
- Handling or storage fees may apply
- Corn must be of sufficient quality to be purchased by Christensen Farms
Example: On October 20th, you deliver and sell 12,000 bushels and set up a deferred payment to be made on January 1st of the upcoming year, or any date of your choice.
Capture market opportunities by placing a firm offer with us. You determine the bushels, your price target and delivery month, and offer duration (day, week, and month). When the market hits your price target, your contract goal will be achieved. We will notify you and provide you a written contract.
Fixed Futures contracts permit you to set a futures price level and leave the basis open. Farmers who enter fixed futures contracts typically like the current price level but believe the basis will strengthen.
Features
- Locks in your futures price
- Allows you to capture market carry
Advantages
- Protected against falling futures price levels
- Basis could strengthen
Disadvantages and Risks
- Cannot benefit from higher futures prices
- Basis could weaken
- Must be done in 5,000 bu. increments
Example: Assume on June 1, a producer agrees to sell 5,000 bushels of corn on a fixed futures contract. At the time, December futures are at $6 and the current basis for October delivery is -.45. On September 1, the basis strengthens to -.35 so the farmer decides to set the basis for October delivery, resulting in a cash sale price of $5.65 per bushel ($6 Futures Price-$.35 basis).
Feed Ingredient Department
Phone: 866-648-6588
Email: cornbids@christensenfarms.com
Katelynn Beckius
Buyer
Phone: 507-794-8608
katelynn.beckius@cfpork.com
Jodi Nordskog
Buyer
Phone: 641-582-6431
jodi.nordskog@cfpork.com
Darla Meyer
Buyer
Phone: 507-794-8537
darla.meyer@cfpork.com
Dylan Wersal
Buyer
Phone: 507-794-8509
dylan.wersal@cfpork.com