Check out our E-Market programs on your own by going to www.e-markets.com and click on the simulation icon.

 CONTRACTS OFFERED at Ace Ethanol

• PURCHASE CONTRACTS: This is a corn contract that allows you to lock in your CASH (futures + or - basis) price for current and/or future delivery.
   
• SELL ORDERS: You make the offer online or call in and we can help you set up an account. If the price of corn is reached once the offer is (formally) "conditionally accepted", then a contract is drawn up and sent to the producer to sign. In a fast moving market, ACE cannot guarantee any offers presented.You pick how long you want the order to stand. MINIMUM OFFER: 1,000 BU. NOTE: OFFERS MADE IN THE MORNING BEFORE THE MARKETS OPEN ARE SUBJECT TO PROTECTION IF ANY IS TAKEN ON PREVIOUS DAYS BIDS. 
   
• FIXED BASIS CONTRACT: Lock in a delivery time and basis (the difference between Ace's cash price and CBOT's price). You get 60% of our cash price at the time of delivery and the remaining amount when the contract is priced. You decide when you would like to lock in the futures to final price the contract. Futures must be set prior to the first notice day of the futures and ONLY during the day session that the CBOT is actively trading. Basis fix cannot be rolled. This contract is for producers who think the basis level will widen and that the futures will go higher.
   
• PRICE LATER CONTRACT: DUE TO POSSIBLE SPACE ISSUES RESULTING FROM A LARGE CORN CROP, ACE WILL LIMIT THE AMT. OF PL BUSHELS FOR EACH PRODUCER TO 50,000BU DURING HARVEST. ALSO, THE MINIMUM PL THAT CAN BE CONTRACTED DURING HARVEST IS 5,000BU. ONLY CONTRACT WHAT YOU ARE SURE YOU CAN DELIVER BECAUSE RULES ON UNDER DELIVERY OF A PL CONTRACT ARE THE SAME AS FOR A CASH CONTRACT. THE FEE FOR PL CONTRACTS WRITTEN BETWEEN SEPTEMBER 1, 2010 AND AUGUST 31, 2011 WILL BE AS FOLLOWS: 6CTS AUTOMATIC CHARGE FOR 30 DAYS. AFTER 30 DAYS, THE FEE WILL BE 2CTS PER MONTH UNTIL CORN IS PRICED. CONTRACT MUST BE PRICED PRIOR TO SEPTEMBER 1ST, 2011 AND ONLY DURING THE DAY SESSION THAT THE CBOT IS ACTIVELY TRADING. THE BASIS WILL BE ACE'S POSTED BASIS FOR THE DAY YOU PRICE THE CORN. Minimum priced at one time will depend on total bushels.
   
• DEFFERED PAYMENT CONTRACTS: You deliver your corn now and get paid for it at a later date. Fall corn delivered and deferred to 2011 will be paid by Jan 5 2011.

 THE STATE DOES MAY CHARGE AN ASSESSMENT FEE FOR ANY DEFFERED PAYMENTS INCLUDING, PRICE LATER 
AND BASIS FIX.

ALL TERMS SUBJECT TO CHANGE WITHOUT NOTICE
MARY KENNEDY COMMODITIES MANAGER
715-644-2909 EXT 209