- About us
- IBJ Awards
- Free Sample
- Contact us
ADM and Cargill complete agreement
(Posted on 16/03/19)
Archer Daniels Midland Company and Cargill have successfully completed their transaction, formally launching Grainbridge, LLC. The joint venture will develop digital tools to help North American farmers consolidate information on production economics and grain marketing activities into a single digital platform, at no cost to them.
The agreement to form a technology-focused joint venture was announced in October 2018 and closed on March 4, 2019. With the transaction complete, the joint venture will begin developing a suite of digital solutions, including tools that provide grain marketing decision support, e-commerce and account management software.
“We’re thrilled to launch GrainBridge, and begin the rollout of our technological solutions for farmers this summer,” said Mark Frank, CEO, GrainBridge. “Since we announced this venture last fall, we’ve been talking to farmers across the country, and it’s clear that the people who grow our food are themselves hungry for technological solutions to help increase their efficiency and profitability.”
Headquartered in Omaha, Neb., Grainbridge, LLC welcomes other grain companies, grain buyers, technology and data providers to participate in the platform. This open approach will enhance the information available to farmers, giving them a complete, seamless 360-degree view of their business without having to consolidate these information sources on their own.
Strong protections will be built into all digital tools created by Grainbridge to safeguard customer data and prioritize privacy. Data will not be on any Grainbridge platform unless approved by the individual farmer, and individual customer data will not be shared between participating companies.
Terms of the joint venture are not being disclosed.
BHP and Hatch design study for electric smelting furnace pilot(Posted on 24/03/23)
BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more
Rio Tinto spends over A$15.3 bn with Australian suppliers(Posted on 20/03/23)
Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more
Trafigura closes the refinancing and extension of credit facilities(Posted on 20/03/23)
Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more
Nexyst 360 selects Nexxiot to digitalize 5000 grain containers(Posted on 07/03/23)
Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more
Cargill strengthens executive team(Posted on 28/02/23)
Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more
SACE’s Push Strategy to support supplies of commodities to Italy(Posted on 24/02/23)
Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more
Job losses loom as British steel proposes coke ovens closure(Posted on 22/02/23)
British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more
Rio Tinto and Marubeni to create stronger Aluminium supply chains(Posted on 20/02/23)
Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed... Read more
Trafigura completes acquisition of Ecobat Stolberg multi-metals plant(Posted on 20/02/23)
Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery... Read more
EUROFER welcomes ITRE report(Posted on 13/02/23)
Hydrogen is at the core of the green steel transition. Ensuring access to this scarce resource &ndash... Read more