Public Elevators

What is Public Elevators?

Public Elevators meaning Grain elevators in which bulk storage of grain is provided to the public for a fee. Grain of the same grade but owned by different persons is usually mixed or commingled as opposed to storing it ‘identity preserved.’ Some elevators are approved by exchanges as regular for delivery on futures contracts, see Regular Warehouse.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary