I am going to show you how to post a commodity on the FarmLead Marketplace.By posting your commodity on the Marketplace, you will instantly advertise to a larger network of buyers..
To begin posting an offer, select “Post New Offer” in the navigation bar.
Let’s say you have some corn to sell. You will want to post a “For Sale” type offer. Specify which grain you are selling by typing corn or select it from the drop-down menu. Now you can enter the rest of the commodity details, including Grade, Specialty Crop characteristics, and Crop Year. [PAUSE]
Next, you will specify the movement details including Freight information, Movement Year and Movement period.
On the Pricing Details page, you can choose the currency and units. Then you can choose the Contract Type and enter the Quantity and Asking Price. Asking Prices within 5-8% of the local market tend to get the most responses.
For the seven major crops that are listed on futures market exchanges, the Price Estimation widget will appear. This widget provides you with a preview of the price that that commodity is going for, in any given time-period.
After you enter your Asking Price you will be able to see an Estimated Total Deal Value. Choose your preferred method of payment and move onto the Specs of your commodity.
Specs include uploading pictures or adding additional information to your offer. A few useful examples could be pictures of a sample, a load ticket, PDFs of any test results, as well as any additional comments about your commodity’s quality.
A great way to avoid spending time answering questions about quality is to upload a spec sheet or test result in this section. Being upfront about quality of your commodity is important to finding a buyer.
Lastly, we have the Summary section where you can preview your offer and adjust the “Offer Valid For” period. This is the time period during which your posting will remain on the Marketplace. If you would like it to automatically repost, keep the checkbox selected.
When you are happy with your offer just click Post Offer to instantly list your commodity on the Marketplace. If there are any active bids matching your posting, they will be displayed for you immediately after posting.
Now you are ready to start posting your offers on the FarmLead Marketplace. Still have questions? Reach out to us; we are happy to help you!