AgriCharts Cash Grain Bid Management

Mark Haraburda — Tue, 09 Feb 2010 04:11:48 +0000

A critical component to a well-functioning and efficient cash / physical commodity marketplace is the availability and distribution of local or regional cash commodity prices. Within the agricultural markets local grain elevators and cooperatives (buyers of grain) calculate and distribute their local cash prices (bids) to local producers (sellers of grain). The grain buyer’s bids are based off the elevator’s/coop’s basis and a specific futures contract. The grain buyer posts bids for multiple delivery periods, usually months, with varying basis levels for those periods.

Some elevators have multiple locations and buy multiple commodities which increases the number of cash bids they must calculate each day. This task becomes quite time-consuming without an automated process. AgriCharts, the agricultural division of Barchart, provides web-based cash grain bid management solutions for grain elevators, cooperatives and other buyers of grain. AgriCharts’ solutions include cash bid integration with third-party systems, calculation, distribution and cash bid displays. AgriCharts’ solutions are designed to make the cash grain bid management and distribution process more efficient and effective.

Here are some examples of AgriCharts hosted cash grain bid displays:

http://www.elkhartgrain.com/pages/custom.php?id=14724

http://www.statelinecoop.com/markets/cashgrid.php?basis=1

Click on the cash bid prices for a chart.

View a video about AgriCharts cash grain bid management here: http://media.agricharts.com/class/Overview2-2/Overview2-2.html

» Cash Grain Bids

AgriCharts Cash Grain Bid Management