GRAIN ORIGINATION definition
GRAIN ORIGINATION. Andersons shall originate all corn for ethanol processing by NWE. Andersons will purchase corn primarily from producers, but also from country elevators and commercial brokers. Andersons shall determine the appropriate basis bids and policies to be utilized to originate corn in the most effective manner. Andersons may purchase corn for delivery to Plant by rail or truck from commercial grain shippers located outside of the nearby trade area. This may include corn to be shipped from a facility owned or operated by Andersons. Andersons' objective in entering into Contracts is to originate the required quantity of corn for sale to NWE under Contracts with required quality and delivery terms at the lowest-cost basis value for NWE. Andersons shall employ its extensive experience, contacts, market information, origination tools, and information management systems to accomplish this objective.
Examples of GRAIN ORIGINATION in a sentence
To: FCStone, LLC ("FCStone") ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ - ▇▇▇▇▇ ▇▇▇ West Des Moines, IA 50266 Each of the following individuals is authorized to give oral or written instructions to FCStone, or its affiliates on behalf of the Client with respect to any transactions or matters within the scope of the RISK MANAGEMENT AND GRAIN ORIGINATION AGREEMENT among Client.