Headquartered in Bozeman, Montana, Cash Grain Bids is the leading source for cash
grain market intelligence with current and historic prices from over 3,400 cash
grain markets located throughout the U.S. Each day, the company collects and updates
over 50,000 records of corn, soybean and other grain prices for cash and forward
delivery up to twelve months in the future.
Kevin McNew, president and founder of Cash Grain Bids, views this alignment of companies
as a way for farmers and agribusinesses, including ethanol producers, to eliminate
volatility in grain pricing. “This relationship brings Planalytics’ sophisticated
and detailed weather and crop forecasting intelligence together with local cash
pricing of corn, soybeans, wheat and several other commodities. While we can’t eliminate
the risk associated with commodities marketing,” McNew states, “we can at least
remove some of the uncertainty associated with weather and its impact on plant health
and, ultimately, crop production.”
As part of this new business arrangement, Planalytics will offer Cash Grain Bids
“Optimizer” tool on its Market Insights client intranet site. OptimizerSM enables
farmers to determine the best market to sell their grain based on current price
offers, adjusted for shipping costs based on actual driving miles from the farm
field to the elevator. Grain processors and other agribusiness firms can use Optimizer
to track shifts in local market demand that, combined with Planalytics weather insights
and yield projections, can ultimately impact grain supply.
States Fred Fox, CEO of Planalytics, “we are delighted to be working with Kevin
and his team at Cash Grain Bids to develop additional business decision tools for
our clients. Optimizer brings full circle our offerings to farmers that buy the
seed, fertilizer and chemicals to produce the crops… that food processors and ethanol
plants need to feed and fuel our population.”
About Planalytics, Inc. Planalytics, Inc. is the singular
global source of Business Weather Intelligence– the actionable information companies
need to understand and optimize the impact of weather on their business. Weather
is the most volatile of all external factors affecting business performance and
Planalytics helps companies proactively manage this risk. Powered by an unparalleled
database of weather’s financial and volumetric impacts, proprietary forecasting
technologies and market-specific expertise, Planalytics Life Sciences has the tools
and resources to assist companies involved in all aspects of food and fiber production...
from crop inputs (seed, fertilizer, and crop protection) to food distribution, brokering,
and retail. For more information, visit http://www.planalytics.com.
About GeoGrain, Inc. GeoGrain, Inc. is the leading
source of cash grain market intelligence in the U.S., deploying numerous Web and
software-based applications for more profitable commodity trading decisions. These
include Cash Grain Optimizer, My Grain Trades, and GrainHedge.com.