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New app streamlines grain trading
A new mobile application has been released for grain
commodity sellers who use iPhone and Android smart phone systems. The trading
) grain desk, allows electronic buying and selling of corn,
soybeans, wheat and sorghum. The
DPP grain desk application is free, and can be downloaded from the Farms
Technology, L.L.C., website.
DPP grain desk is
designed to streamline sellers with buyers, making it easier to make, manage
and monitor offers. App users can
monitor futures markets, view local cash bids, market commentary, and make grain
transactions. Growers can choose
the bushel quantity, delivery period and desired cash price for the grain commodity.
The app attempts to connect
sellers and buyers in close geographical locations to present local
opportunities to market grain. Active
private bids (APB), which are typically pricier compared to public bids, are
made freely available. APB text
alerts can be set up to meet immediate needs for a specific quantity or quality
of grain from a desired location.