Your (Newest) Secret Weapon for Grain Marketing

Your (Newest) Secret Weapon for Grain Marketing

You don’t need to be a fourth grader to know the truth about math.

It can be frustrating at times.

That’s especially true when you’re trying to get a grain deal done.

Math can turn into a foreign language pretty quickly if you’re trying to get a deal done in North America.

Talk to a farmer down in Indiana, and he’ll give you the precise estimate of the number of bushels he’s growing on his farm.

Chat with a grower in Ontario, and they’re talking in the metric system. A large buyer just south might be buying so much grain that their making purchases in hundredweight (CWT).

A truck driver in North Dakota may be talking about his semi that can fit 950 bushels in his hopper.

It’s enough to make you dizzy.

Yes, he can haul your 950 bushels of grain.

But how many bushels are in a tonne of wheat? Now how about for soybeans, or even corn?

The numbers come at you fast, giving you little time to make the necessary conversions.

Did you know off the top of your head that truck can haul 950 bushels of oats, 950 bushels of corn, and 950 bushels of buckwheat all have different tonnage levels.

That truck can fit 24.1 MT of corn, 20.7MT of buckwheat, 25.9MT of soybeans.

Can you do all of this math in your head? 

If you did, you should be on Jeopardy?

For the rest of us, there’s the FarmLead Grain Unit Converter.

This little gadget will help you save time, help you expedite your negotiations with farmers, and eliminate the hassle of long-hand multiplication.

Negotiate with Confidence in Your Math

At FarmLead, our mission is to save farmers time and make more money. You don’t want to be sitting in a room hunched over a spreadsheet or searching on Google while you’re doing a deal.

The Grain Unit Converter is a sneaky little tool that will help you answer important questions without having to double check all of that math.

It’s extremely simple. Just click on your type of grain, enter your unit quantity in pounds, bushel, CWT, and metric tonnes.

Then, enter your grain price and currency.

In the click of a mouse, you’ll have a wealth of critical data to ensure that you and the other part of your deal are speaking the same language once and for all.

So, if you’ve got 950 bushels on a truck, and you receive a note from a buyer to the north, you’ll be able to talk in their language, and know exactly what your corn is worth and in what units to discuss.

Instantly, you’ll know that this grain load, equals 57,000 pounds, 25.9 metric tonnes, 570 CWT. I’ll also know the precise price of grains at that instant in all four units.

With this information, you can start negotiating in the right units.

The same goes for the buyer. If they’re looking to make a deal, they can quickly convert their units and know that a local offer at $3.75 per bushel is worth $4.73 in Canadian currency.

Never Be Left in the Dark

Rather than simply using table unit-to-unit comparisons, you’ll be able to unwind the complexity of grain trading in different currencies and units.

One might think that there isn’t a huge language barrier here in North America, but in the language of money, everyone can use a little shortcut to bolster their fluency.

Now, you’ll be able to negotiate with anyone, anywhere.

Be sure to bookmark the nifty tool at www.grainunitconverter.com.

We can’t get you a spot on Jeopardy.

But we can certainly help you get back to farming and be spending less time checking the math. Post and negotiate with confidence at GrainUnitConverter.com.

About the Author
Garrett Baldwin

Garrett Baldwin is a content strategist and editor at FarmLead. He covers the global grain markets and public policy issues related to the agricultural industry. He is a graduate of the Medill School of Journalism at Northwestern University. He also holds a Master’s Degree in Economic Policy from The Johns Hopkins University, an MS in Agricultural Economics from Purdue University, and an MBA in Finance from Indiana University.

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