A new free mobile app from CHS Inc., CHS Grain Trading, allows farmers with a CHS account to make and manage their futures-only, basis-only and cash offers on corn, soybeans and wheat from their smartphones or tablets.
The app should make it easier for farmers to market crops when and where it’s convenient, says Rick Dusek, CHS vice president of grain marketing for North America.
The app uses CME Group electronic markets to facilitate automatic connection between farmer-approved offers and CHS hedge offers. Using e-Pit services provided by Farmstech, the app can place a hedge offer, receive confirmation of the fill, execute the cash purchase and notify both buyer and seller in a matter of seconds.
You can download the CHS Grain Trading app at the Apple Store or Google Play store.
- December 2013