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Barchart partners EFC on real-time Ag data
- November 29, 2022
- William Payne
Commodity data provider Barchart and agronomy specialist EFC Systems are partnering to provide agribusiness firms with real-time market data. The integration will be available to 600 firms representing 2,000 grain facilities in North America.
Under the first phase of the partnership, real-time grain accounting information from EFC Systems’ Merchant Ag platform will be available within Barchart’s AgTech platform, Marketplace Apps. Data from Merchant Ag will flow between Barchart’s producer-facing mobile apps for agribusinesses and grain merchandising workflows built into cmdtyView; Barchart’s trading and analytics platform for commodities.
Phase two of the partnership will integrate Barchart’s offer and hedge management workflows into EFC Systems’ Merchant Ag and FieldAlytics solutions. This integration will allow users to digitise their offer book and streamline their risk management, contracting and hedging workflows.
“Simplifying the technology stack used in Ag Retail saves time and improves accuracy for Ag Retailers,” said Ernie Chappell, Founder and President of EFC Systems. “Partnerships like this are the centre of data interoperability, which drives a more efficient and intelligent supply chain.”
The integration of EFC Systems’ Merchant Ag platform into Barchart’s digital tools, will allow users to engage more effectively with growers, streamline grain trading workflows for agribusinesses, and provide them with increased operational efficiency.
“We are excited to partner with EFC Systems to provide additional choice and enhanced services to our customers, and this partnership with EFC Systems enables us to further deliver on this goal,” said Barchart CEO Mark Haraburda. “Barchart and EFC Systems are customer-focused, both with the mission to provide the best digital solutions to their agribusiness clients. We are excited to continue growing this partnership into the future.”