The Bushel Offer Management System (OMS) ties into the Bushel platform to power offer management and hedging tools for grain buyers and growers.
FARGO, ND (April 8, 2020) – Bushel, an independently owned software company and leading provider of software technology solutions for growers, grain buyers, protein producers and food companies, announced today the launch of the Bushel Offer Management System (OMS), a full-service solution for creating and managing cash bids and offers, and performing hedge management.
Bushel OMS provides direct business ties among grain companies, their growers, and the futures market. Users of OMS utilize a simple interface to manage their grower’s offers, including cash, hedge-to-arrive and basis contracts, quickly and confidentially. Bushel OMS seamlessly integrates with Bushel’s core digital offerings, allowing growers to submit offers through their Bushel-powered apps and grain buyers to manage and hedge all offers, regardless of how they are submitted.
“Bushel continues to build the ‘last mile’ of communication between growers and grain buyers,” said Bushel founder Ryan Raguse. “With 25,000 growers using Bushel-powered apps provided by their local grain facility today, our team at Bushel is focused on continuing to provide technology that strengthens relationships between two critical parts of the agriculture value chain – growers and grain buyers. This is not a marketplace. We are not creating another middleman. This is a tool for grain buyers to do business directly and digitally with their growers.”
The Bushel OMS is Futures Commission Merchant (FCM) agnostic and positioned to work with participating grain accounting systems. Bushel OMS provides grain buyers a tool to power:
“The Bushel team is nimble and knows how to build software that is intuitive, easily adopted and useful,” said Raguse. “We have prioritized the development and launch of Bushel OMS due to current conditions. It’s one more way we can provide value to our customers and the growers they do business with.”
With a mission to connect and enhance the grain industry through digital infrastructure, Bushel software provides real-time account information directly to growers by integrating into a grain facilities accounting system and market feeds. Offered through grain facility-branded apps, Bushel powers real-time scale tickets, contracts, commodity balances, futures, prepaids, cash bids, e-sign and contract management.
A beta launch of Bushel OMS is scheduled for this month.