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Withdrawal of Regularity for the Delivery of Corn and Soybeans

ADM Grain Company (“ADM”) has determined to withdraw its regularity for delivery of corn and soybeans at its Morris-West facility effective November 30, 2006.  Currently the firm has 110 corn and 110 soybean shipping certificates outstanding at this location.  Holders of these certificates have the following options, which are outlined in Regulation 1084.01:

  1. Holders of outstanding certificates have thirty days from the date of this notice to take load out of the commodity from ADM.
  2. If a holder of outstanding shipping certificate chooses not to take load out during this period, ADM must provide the holder with another shipping certificate at another, mutually acceptable regular shipping station, with adjustments for differences in contract location differentials to apply.
  3. If a replacement shipping certificate issued by a regular shipping station at a mutually agreed upon location is unavailable, ADM must provide the holder with an equivalent quantity and quality of the grain designated in the shipping certificate at a mutually acceptable location.

Questions may be directed to John D. Hill in the Registrar’s Office at (312) 435-3592.

 




 
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