Key Takeaways
- Bushel and StoneX announced a partnership combining Bushel's farmer-facing digital tools with StoneX Hedge's workflow platform for grain companies.
- The integration connects merchandising processes from offer through settlement, helping increase digital offer volume and improve hedge accuracy.
- StoneX Hedge customers have already used the platform to hedge more than 1 billion bushels in the first six months of the current fiscal year.
- Bushel serves more than 3,500 grain and ag retail facilities and powers more than 50% of grain origination in the U.S. and Canada.
- The partnership targets mid- to large-sized elevators, commercial grain companies and co-ops seeking improved digital origination and streamlined workflows.
Bushel & StoneX's Partnership Connects Farm-Level and Back-Office Operations
Fargo, North Dakota-based Bushel and New York-based StoneX Group Inc. (NASDAQ: SNEX) have formed a strategic partnership to integrate their grain merchandising technologies. The collaboration brings together Bushel's farmer-facing digital platform with StoneX Hedge's back-office workflow system, creating a more connected process from initial offers through final settlement.
The StoneX Hedge platform handles hedge execution, offer-to-hedge linkage, and ERP-backed contract creation, while Bushel provides farmers with mobile and web access to bids, digital offers, contracts, electronic signatures, tickets, settlements, and notifications. This integration aims to reduce manual data entry and improve operational consistency across grain companies' technology systems.
Executive Leadership Emphasizes Workflow Integration
“Grain companies need technology that works across both the operational side of the business and the customer-facing side,” said Benny Andres, Vice President of Product at Bushel. “This partnership with StoneX gives merchandisers stronger workflow support while helping farmers access the tools and records they want in one place.”
“StoneX Hedge helps grain companies manage hedging and back-office execution with speed and accuracy,” said David Smoldt, President, Commodities division, StoneX. “By pairing that with Bushel's farmer-facing experience, we can help customers build a more complete merchandising workflow.”
Bushel's Market Position and Technology Reach
Bushel operates as an independent software company providing integrated workflow solutions for agriculture. The company's platform encompasses customer relationship management, commercial portals, offer and hedge management, and farm management software. Over 100,000 farmers currently use Bushel's technology, establishing it as one of the largest technology networks in U.S. agribusiness. The company maintains SOC 2 Type II certification standards for data security compliance.
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