HTA Contracts or Hedge-to-Arrive Contracts lock in the current futures board price of the grain, while leaving basis and cash price to be set at a later date.
The producer agrees to deliver a specific quantity and quality of grain for a determined delivery period. The producer set the futures price level, leaving the basis open and the cash price undetermined until the basis price is set. The basis price must be set before a specific date on the HTA contract with CHS Southwest Grain in order to avoid having the basis automatically set by that date. There is a $0.10/bu. fee associated with HTA Contracts.