Gro Intelligence – An AI company that improves decision-making in climate, food and agriculture
Gro has launched Supply Location Monitor, a new application that uses Gro’s advanced yield models to provide buyers and sellers with local crop yields, production and prices for specific production facilities. Currently, the Supply Location Monitor covers corn, winter wheat, and soybeans in the cornbelt states of the United States.
With the Supply Location Monitor, users can map the current season crop production around a specific grain facility as well as the historical crop production available for that facility. Our new app also displays spot (spot and forward) grain prices in a customizable radius around the facility.
The provisioning location model gives Gro users:
Daily updates to supply forecasts based on Gro’s yield models, coupled with cash and futures grain prices, which can help companies make better buying and investing decisions
Historical yield, production and spot grain prices
Overview of what competitors pay for grain at the facilities they use
An early read on the availability of raw materials based on yield forecasts at the district level of Gro
The ability to compare the costs of raw materials to a specific production facility for a specific crop at different distances from the plant
For example, using Gro’s Supply Location Monitor and yield forecasting models, agricultural bank lenders and relationship managers can assess agricultural production at the district level six months before USDA releases its yield data. annual.
To ensure inventory is up to date and properly valued, Gro’s Supply Location Monitor includes DTN’s daily cash grain offerings. Agricultural bank lenders and relationship managers can also use Gro’s Supply Location Monitor to gain insight into the forces impacting the financial health of their agricultural clients.
Long before a harvest, agricultural banks need to monitor the production capacities of grain companies so that they can understand the end-of-season cash needs of their grain companies and farmer customers as well as their needs for the next harvest cycle.
Gro’s Supply Location Monitor can help you by producing local and regional crop production and cost estimates, estimating crop transportation costs, and viewing facility-specific historical production costs. . Armed with the results of the Supply Location Monitor, an agricultural bank lender or relationship manager can see and understand the interplay between a region’s in-season performance and price forecasts, transportation costs, and production costs, as well. than the addressable market typical of a region.
Until now, agricultural bank lenders and account managers did not have access to a systematic approach to understand the availability of supply and prices in these micro-regions. They had to pull this information together manually through anecdotal data collection, or they had to wait until the following spring to understand the variations in yield at the county level when the USDA released its full set of production data.
Our Supply Location Monitor application modernizes and streamlines this process. Our app uses Gro’s yield models, which provide it with satellite data providing daily yield projections at the county level, as well as objective estimates of Gro’s pre-harvest crop production. Using the prices provided by DTN, Gro aggregates the bid prices for the entire Corn Belt and links these prices to the producer in the area surrounding each facility.
Agricultural banks can also use the Supply Location Monitor after harvest, when monitoring local supply and demand dynamics and market prices to accurately assess a grain company’s inventory. Whether your business is banking or buying and selling crops, the Supply Location Monitor can help you make faster, more accurate decisions that can save money and improve profitability. Gro’s Supply Location Monitor, which is currently the only app that offers market participants a systematic and unbiased view of local production and prices, is available to Gro users on a subscription basis.
Contact [email protected] to schedule your demo today.