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 |