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Inshell Conversions / Calculations
The calculations to convert inshell to a shelled (kernel) equivalent are handy to have a better understanding to the product that is being transacted. The calculations below are only examples and do not represent any specific trade.
A. General Calculation to convert inshell to a shelled (kernel) equivalent:
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Inshell Price
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Crackout Percentage
This formula will yield the shelled (kernel) equivalent price for the trade.
B. Calculation for portions of a trade:
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Full load Quantity
Assumption: Crackout = 70%
45,000 lbs. (inshell pounds) X .70 (crackout) = 31,500 lbs. (kernel pounds)
Partial load
Inshell Quantity X Crackout = kernel equivalent
22,500 lbs. X .70 = 15,750 lbs.
Partial Load with Different Crackouts
45,000 lbs. (inshell pounds) X .70 (crackout) = 31,500 lbs. (kernel pounds)
22,500 lbs. X .68 = 15,300 lbs.
22,500 lbs. X .72 = 16,200 lbs.
Total 31,500 lbs.
Then apply the formula in section A to arrive at the price per kernel pound.
Sales to buyers are based on dollars per inshell pound. Payouts are based on the kernel pounds that are contributed to the load.