Elders Grain is changing to make it easier for growers to access the best price. Previously Elders accumulated on behalf of other traders, now Elders will also be able to transact grower’s grain to the best bid available on the day.
If growers are not happy with the current pricing available, they can now use Elders to act on their behalf and set their price via the Clear Grain Exchange.
Growers will have all prices available through the Elders Grain app and they now simply need to call 1300 ELDERS to access the best price, once they are happy with the price Elders can place the grower into a Firm Offer and send that request direct to the trader, once accepted, a Elders Trade Confirmation Note will be formed pairing up the trader and the grower. The trader will then issue their own contract.
Yes, a small marketing fee of $1/t is applied as soon as a Trade Confirmation Note is formed. If the grain parcel is rejected by a trader there is no cost to the grower.
Elders Grain now takes away a lot of the hassle of finding and discovering the daily price. Growers can now call one number knowing that is the price for today, they can get their local Elders branch to arrange the deal. Grower will be notified via email and SMS as soon as a trade is successful.
Yes, the app will become even more important as it’s now a price discovery tool rather than show just an Elders price, it will list the best price.
Elders Grain Exchange Access Elders Grain Exchange to offer grain for sale and set your own price.
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