Graindex

[Against_the_grain]

Anyone else using Graindex much this year? Have found quite a few times this year that prices are better than I can get from speaking to merchants representatives. Possibly a result of some merchants being short but its opened up new contacts I normally wouldn't of dealt with. No vested interest just really like the platform/idea/results.

 

[Poncherello1976]

Used it for the first time last week. Sold 2 loads of Feed Barley for October. Had an £8 spread on prices. Sold it to a company I have not dealt with before, so will reserve any comment until the barley has been collected and money in the bank. Though just sticking to the Graindex platform it seemed to work ok. I may even try some Wheat for next year on it.

 

[warksfarmer]

Had a play last week but not sold anything yet, but yes I agree it looks good.

 

[Feldspar]

Anyone else using Graindex much this year? Have found quite a few times this year that prices are better than I can get from speaking to merchants representatives. Possibly a result of some merchants being short but its opened up new contacts I normally wouldn't of dealt with. No vested interest just really like the platform/idea/results.

Same experience here.

 

[Milkcow365]

Just used it to sell 2 loads of feed wheat simple,

 

[down n'dirty]

been using it for two years now-find it simple to use and like the transparency. Always surprised at the spread of bids but usually £2-£3 above my normal merchants. The area reps. are very helpful too.

 

[B'o'B]

Used it a bit the last 3 years. It definitely opens up new outlets from the same old list of merchants you always ring up. I’ve nit yet had a problem with any load I’ve delivered through it.
I’ve sold 5 load with it so far this year.

 

[Clive]

i just wish they had the bigger merchants on it - credit risk of the smaller traders that tend to quote on it is too high imo

 

[B'o'B]

i just wish they had the bigger merchants on it - credit risk of the smaller traders that tend to quote on it is too high imo

They offer to insure 90% of the value of the transaction for £1/t. Which covers a big lose if you getting quoted £2-3/t over the big boys.

 

[farenheit]

i just wish they had the bigger merchants on it - credit risk of the smaller traders that tend to quote on it is too high imo

Seems like plenty of big merchants on it to me...only ones missing ADM and Frontier?

 

[Clive]

Seems like plenty of big merchants on it to me...only ones missing ADM and Frontier?

not 100% sure but the 2 you mentioned are the 2 biggest by a long way and who I usually tend to deal with, there is zero credit risk with either of them imo

 

[Clive]

They offer to insure 90% of the value of the transaction for £1/t. Which covers a big lose if you getting quoted £2-3/t over the big boys.

I see that but it is a cost and still risks 10%

small merchants scare me, too many horror stories over the years

love the Graindex platform though, just wish those big guys would get on board

 

[B'o'B]

I see that but it is a cost and still risks 10%

small merchants scare me, too many horror stories over the years

love the Graindex platform though, just wish those big guys would get on board

They won’t basically because they don’t need to. Just like all the big chemical suppliers pulled out of Yagro on the same day. It’s too transparent for them.

 

[fudge]

Interesting to see that beeswax are advertising their grain to end users directly. Didn’t they use to market through Gleadell? Perhaps they are tiring of the take it or leave it approach of the “big two”?

 

[Feldspar]

Interesting to see that beeswax are advertising their grain to end users directly. Didn’t they use to market through Gleadell? Perhaps they are tiring of the take it or leave it approach of the “big two”?

Where did you see this?

 

[Pilatus]

I see that but it is a cost and still risks 10%

small merchants scare me, too many horror stories over the years

love the Graindex platform though, just wish those big guys would get on board

Well said a , supposed, couple of extra pounds a tonne, is worth nowt if company goes scrump and you loose almost the lot.

 

[fudge]

Where did you see this?

On beeswax website.

 

[Pieces_of_Eight]

Interesting to see that beeswax are advertising their grain to end users directly.

What's their total cereals tonnage though?

This will be part of their bossman's policy of cutting out the middle man.

 

[farenheit]

What's their total cereals tonnage though?

This will be part of their bossman's policy of cutting out the middle man.

Define middleman. Are they going straight to the mill? Why not have their own mill - are they selling bags of flour straigt to the customer? They are big but they aren't that big, as far as I know they are about 35000T wheat. Cereal farmers are growing a commodity, unlike veg its hard to take a load of wheat to a home without completely changing what your business is.

 

[snipe]

Can you see any prices on it or do you have to put an amount up for sale and only see what people bid on it.