WAYNE, PA, May 26, 2009 — Planalytics, Inc., global leaders in Business Weather Intelligence®
and Cash Grain Bids, Inc. have announced the formation of a strategic
alliance to develop tools for farmers and agribusiness firms to use in
making better, more profitable grain marketing and buying decisions.
Headquartered in Bozeman, Montana, Cash Grain Bids is the leading
source for cash grain market intelligence with current and historic
prices from over 3,400 cash grain markets located throughout the U.S.
Each day, the company collects and updates over 50,000 records of corn,
soybean and other grain prices for cash and forward delivery up to
twelve months in the future.
Kevin McNew, president and founder of Cash Grain Bids, views this
alignment of companies as a way for farmers and agribusinesses,
including ethanol producers, to eliminate volatility in grain pricing.
“This relationship brings Planalytics’ sophisticated and detailed
weather and crop forecasting intelligence together with local cash
pricing of corn, soybeans, wheat and several other commodities. While
we can’t eliminate the risk associated with commodities marketing,”
McNew states, “we can at least remove some of the uncertainty
associated with weather and its impact on plant health and, ultimately,
crop production.”
As part of this new business arrangement, Planalytics will offer
Cash Grain Bids “Optimizer” tool on its Market Insights client intranet
site. OptimizerSM enables farmers to determine the best
market to sell their grain based on current price offers, adjusted for
shipping costs based on actual driving miles from the farm field to the
elevator. Grain processors and other agribusiness firms can use
Optimizer to track shifts in local market demand that, combined with
Planalytics weather insights and yield projections, can ultimately
impact grain supply.
States Fred Fox, CEO of Planalytics, “we are delighted to be working
with Kevin and his team at Cash Grain Bids to develop additional
business decision tools for our clients. Optimizer brings full circle
our offerings to farmers that buy the seed, fertilizer and chemicals to
produce the crops… that food processors and ethanol plants need to feed
and fuel our population.”
About Planalytics, Inc.
Planalytics, Inc. is the singular global source of Business Weather
Intelligence– the actionable information companies need to understand
and optimize the impact of weather on their business. Weather is the
most volatile of all external factors affecting business performance
and Planalytics helps companies proactively manage this risk. Powered
by an unparalleled database of weather’s financial and volumetric
impacts, proprietary forecasting technologies and market-specific
expertise, Planalytics Life Sciences has the tools and resources to
assist companies involved in all aspects of food and fiber
production... from crop inputs (seed, fertilizer, and crop protection)
to food distribution, brokering, and retail. For more information,
visit http://www.planalytics.com.
About Cash Grain Bids, Inc.
Cash Grain Bids, Inc. is the leading source of cash grain market
intelligence in the U.S., deploying numerous Web and software-based
applications for more profitable commodity trading decisions. These
include Cash Grain Optimizer, My Grain Trades, and GoGrain.com. For
more information, go to www.cashgrainbids.com.
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