Public Elevator
A grain elevator that, for an associated fee, stores the bulk grain of public clients. Investopedia Says:
In public elevators there is no separation of client's holdings, so there is the possibility that the stored grain will become mixed. A public elevator must be approved by an exchange to be considered a regular delivery location for futures contracts. Related Terms:
Approved Delivery Facility
Cash Commodity
Commercial Grain Stock
Cost of Tender
Crop Year
Delivery Notice
Futures Contract
Grading Certificate |