PURPOSE: This rule requires Class I and Class II grain dealers to keep a daily position record which reflects grain movements in and out of the facility and total grain in the facility.

1. (1) A daily position record shall be maintained and kept current showing, by kind and quantity, all movements of grain in and out of the facility. The record shall show total grain in the facility, total storage obligations (if a licensed warehouseman under federal law or Chapter 411, RSMo) and total companyowned grain for each kind of grain in the facility. All entries to the daily position record shall be supported by source documents except in the situations detailed in sections (2) and (3) of this rule.
2. (2) All Class I and Class II grain dealers shall have and maintain a policy for shrinkage due to operational and moisture losses. This policy shall be formulated so that calculated losses are representative of actual shrinkage incurred. Adjustments to the daily position record shall be made for shrinkage. These adjustments shall be made at periodic intervals of at least once per month.
3. (3) Upward or downward adjustments of the daily position record to measured inventory may be made. However, these adjustments shall be made only upon departmental approval or when so ordered by departmental auditors. No other adjustments based on measured inventory shall be made. Upward or downward adjustments of the daily position record to an actual weigh-up of invento- 2 CSR 60-5

ry may be made at any time. However, the Class I or Class II grain dealer shall furnish to the department copies of scale tickets used in that weigh-up.

AUTHORITY: section 276.406, RSMo Supp. 1999.* Original rule filed March 15, 1982, effective June 11, 1982. Amended: Filed Oct. 25, 1999, effective June 30, 2000. *Original authority: 276.406, RSMo 1980, amended 1986, 1993, 1995.