NGFA updates new trucking-related trade rules

Rules spell out responsibilities of buyers and sellers for grain transported by truck and sold based on either destination or origin grades.

On May 20, 2016, the National Grain & Feed Assn.'s (NGFA) board of directors voted to approve final a version of NGFA's newest trading rules related to the transportation of grain and feed products by truck.

The new truck-related additions amend NGFA Grain Trade Rule 12 to spell out the responsibilities of both buyers and sellers for grain transported by truck and sold based on either destination or origin grades. The newly adopted provisions also amend NGFA Feed Trade Rule 18

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