Growers who are looking at marketing their grain should give it a try. It costs nothing and is a useful tool to market and gain a better price for their grain.
Rodney Scott, BRM Albany spoke to DailyGrain about the value it brings to his growers.
DailyGrain is such a useful tool that I use to help provide a starting point for price discovery and informed advice to my clients. “It really helps set a baseline for marketers and provides some really useful information around trends and spreads”
MarketPlace provides actual physical trades and activity. “Whilst this will be different to the Top 5 prices it gives a sense of where the market is actually trading”
Secondly, it’s a great tool for growers to place their grain for sale at a price they want to target and can draw marketers to place a matching bid. “Win, win and its free”
What are your overall thoughts of both DailyGrain and MarketPlace?
DailyGrain;
Really useful tool that I use to help provide a starting point for price discovery and informed advice to my clients. “It really helps set a baseline for marketers and provides some useful information around trends and spreads”
MarketPlace;
Provides actual physical trades and activity. “Whilst this will be different to the Top 5 prices it gives a sense of where the market is actually trading”
Secondly, it’s a great tool for growers to place their grain for sale at a price they want to target and can draw marketers to place a matching bid. “Win, win and its free”
How do you think they add value for your growers?
Provides a place to trade grain at a target price fee free to all major marketers.
Gives growers greater market transparency, visibility of bids and control of their grain marketing. They can customise their level of engagement and provides a view of where the market is at any time.
What do you feel is the most valuable feature of each?
DailyGrain
- Baseline for grain prices every day
- Great charting features to help quickly view trends in prices over time.
MarketPlace
- Control to trade commodities with major traders
- Its fee free. No added costs
- Visibility of trading activity
What message would you give growers to encourage them to use MarketPlace?
Give it a try, its costs nothing and is a really important tool that you can use to market and gain a better price for your grain.
A great suite of tools to help growers gain more information and knowledge.