All public warehousemen shall purchase and store grain except dry edible beans in
accordance with the official grades established from time to time by the secretary
of agriculture of the United States, except as otherwise provided in rules and regulations
applicable thereto adopted by federal officials pursuant to law. Public warehousemen shall post in a conspicuous place in the public warehousemen's
warehouse the official grades so established and also any change that may be made
from time to time. Warehousemen of dry edible beans shall purchase, store, and deliver beans in accordance
with the policy of the warehousemen which must be filed with the commissioner and
posted in a conspicuous place in the warehouse of the public warehousemen. Other grading standards may be used if mutually agreed to in writing by the warehouseman
and the owner of the grain. However, the owner may demand the use of federal grading standards. The commissioner, after hearing, may prohibit the use of nonfederal grades.
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