The Potential Effects of Proposed Commodity Grade Specification Changes: BCFM in Corn and FM in Soybeans

The impact of eliminating broken corn and foreign material (BCFM) and foreign material (FM) as grade factors for corn and soybeans respectively is examined. These factors would not affect numerical grade determination but would be considered by traders in negotiating prices. No change in trade pract...

Full description

Saved in:
Bibliographic Details
Published in:North Central journal of agricultural economics 1980-01, Vol.2 (1), p.31-39
Main Authors: Schrader, Lee F., Lang, Mahlon G.
Format: Article
Language:English
Subjects:
Agricultural economics
Cleaning
Corn
Corn market
Discounts
Elevators
Grain trade
Grains
Market prices
Soybeans
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The impact of eliminating broken corn and foreign material (BCFM) and foreign material (FM) as grade factors for corn and soybeans respectively is examined. These factors would not affect numerical grade determination but would be considered by traders in negotiating prices. No change in trade practices would necessarily result from the elimination of these grade factors. Expected modifications in practices would generate benefits exceeding increased costs of the grade change.
ISSN:0191-9016
DOI:10.2307/1349268