Title to grain sold by price later contract transfers to the elevator immediately upon delivery of the grain. A producer may delivery grain towards a price later contract when it is offered by SCG. The price later contact will contain the following information:

1. Producer's name
2. Commodity
3. Number of bushels
4. Delivery dates
5. Price later service charge
6. Delivery sheet number
7. Date of contract termination

A price later contract must be signed and dated by the seller and buyer within 30 days of the delivery. The contract will be mailed in duplicate to the seller upon delivery completion. It is the seller's responsibility to sign, date and return the original to the buyer IMMEDIATELY. The elevator must price the grain at the closing market price on the 30th day if the contract is not signed, dated and returned within the 30 days as stated in the Illinois Grain Code.

The grain may be priced any day prior to the expiration date of the contract. If it is not priced before the expiration date, the buyer will automatically price the grain for the seller on the contract expiration date.

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