Ag Services of America, Inc. v. DeBruce Grain, Inc.

MARQUARDT, J.:

This is a controversy between DeBruce Grain, Inc. (DeBruce), purchaser of corn under a contract for future delivery from Shore, Ltd. (Shore), and Ag Services of America, Inc. (Ag Services), which has a perfected security interest in Shore s corn. On appeal, DeBruce argues that the trial court erred in granting judgment to Ag Services. We affirm.

On February 1,1995, Shore, a farming partnership, entered into a contract with DeBruce whereby DeBruce agreed to buy 30,000 *583bushels of com from Shore for $2,735 per bushel. Delivery was to take place in December 1995.

On March 30, 1995,…