TARGET PRICE / TARGET OFFER CONTRACT

TARGET PRICE CONTRACTS are offers to sell a specified quantity of grain at a specified time.  Orders can be placed as good until canceled or for a specified amount of time.  DMG takes responsibility to fill the order if the offered price is met and will issue a contract at that time.  Target offer contracts can be used for any commodity and any delivery period.  They can also be used to set basis on futures contracts, futures on basis contracts and to price DP.