Growers and their agents can now offer grain for sale that's stored on-farm into more than one delivered location simultaneously.
Buyers can see the same grain offered for sale at all delivered locations and actively bid to buy it, however the grain can only trade at one of those locations. When the offer trades it is simultaneously cancelled at all other locations and no longer exists.
If growers are comfortable delivering grain into more than one location as part of their sales, they can expose their grain across all those markets, enhancing the opportunity for their prices to be reached.
Remember all trades through igrainX are protected by a comprehensive counterparty insurance and CGX's payments services and documentation available online.
Users simply filter and select multiple delivered locations, then either set a common price across all locations or specify individual prices per location.
This release enables growers to market grain across multiple locations efficiently improving market reach, while ensuring that each parcel of grain can only be sold once.