WHAT IS GRAINNET?Grainnet is a cash commodity exchange offering trading in products used by the grain industry deploying the latest Blockchain technologies. The Exchange provides a centralized trading platform where Best Buyers meet Best Sellers in trade matching that is designed to improve pricing for both. Buy and Sell grain, starting with corn, at the time of your choosing and at the best price available at any given point in time. Each transaction can build a Block on a Blockchain both as a distributed ledger and allowing Grainnet to share the transaction in order to facilitate settlement and clearing according to Smart Contracts built into the Exchange's trade protocols. The origin, delivery and payment of the grain contracts is processed faster, more efficiently using encrypted transactions and funds transfers for only a small fraction of traditional costs associated with other exchanges.
HOW DO I JOIN?Membership in Grainnet is free. Click here to sign up. You will need to agree to a credit and background check before being approved as a Buyer or Seller. Once you are approved you will be able to participate in all Grainnet auctions that will be listed on the Exchange by auction dates.
WHAT ARE THE TRADING RULES?The Trading Rules are here at this link. They may change from time to time but the current version will always be posted. The Trading Rules constitute the terms and conditions under which any product offered on the Exchange will be traded. Any trade matched on the Exchange and awarded to the highest bidder will create a contract of sale/purchase according to the terms. The terms reflect current industry standards.
WHO WILL BE THE BUYERS ON THE GRAINNET EXCHANGE?The initial Sellers will be companies originating grain contracts in the plains cattle feeding area. The Buyers will be the largest feeding companies in the United States along with any other qualified buyers. The Exchange is designed to assure best price for both Buyer and Seller and standardize the backoffice operations that create needless errors and expense. Payments will be approved by both buyers and sellers and occur electronically using ACH transfers.
WHAT ADVANTAGES DOES GRAINNET PROVIDE?New technologies creating a more efficient electronic marketplace on the Internet drive costs out of the system. Many of the legacy systems involve land lines, cell phone calls, text messages, instant messaging, but no strategic approach to trade matching. Backoffice operations are mired in paperwork and many of the grain lab tests are not linked to the transaction they are testing. A reset on the entire grain trading protocols and deploy tested technologies such as paperless contracts, email or text notices, electronic funds transfers and automated bid screens operating on mobile, tablets, laptops or desktops delivering true friction free commerce to the grain industry. Combining best price in any given regions for both buyer and seller is always a winner.