The Supply Location Monitor assesses the economics of buying, storing, and handling grain at over 4,000 grain-handling facilities in the US, and it compares the pricing risk of different crops. The Supply Location Monitor is customizable, enabling users to select a center and radius for a given crop.
Customers use this application to
Why this Matters
The Supply Location Monitor helps Gro users to understand the supply of corn and soybeans available near grain production facilities in the US.
This application shows both current and historical production-weighted basis price information, and it dynamically updates when users adjust the radius or trucking rates in the app. The app, which can analyze up to six facilities simultaneously, shows how different facilities compete for bushels when sourcing areas intersect.
Gro users can apply the Supply Location Monitor to analyze the bushels available, the price that they will have to pay, and how they will compete with nearby facilities. Buyers can also conduct sensitivity analyses to determine how traveling farther or paying more per bushel might change realized costs.
With this information, users such as bank lenders or grain buyers and sellers can all more comprehensively assess and analyze supplier relationships and facilities.