If you’re running an agribusiness but are confused with the agricultural and economic tools and concepts, you’ll definitely benefit from this tool. Commodity Basis is a platform that brokers, trade associations, and traders can benefit from because it pools together and shows information about prices of brokers from different parts of the world after removing the information asymmetries. This tool helps increase the profitability and efficiency of agribusinesses worldwide.
The recent developments and advancements in technology make it easy for people to access information. The world is literally at the end of your fingertips, and you can receive all of the answers that you need within minutes. This presents a problem for some, since it becomes difficult for them to find specific answers or articles that can help them with their business.
Understanding Commodities:
Commodities are raw materials or agricultural products that may be bought or sold and they have a huge influence in our economy. It satisfies our wants and needs, and fluctuations of commodity price directly affects meal prices, which is felt in the food industry. Since food is a basic human need, changes in the food industry affects other industries as well. It’s all connected.
Commodity physical trading is something worth exploring for those who are gifted when it comes to handling money, and are blessed with a keen eye in the art of trading. Commodity physical trading requires knowing what the real and right price of commodities are, since these are essential in making correct trade decisions.
It’s a known fact that products listed in the United States Department of Agriculture (USDA) such as soybean, wheat, sugar, corn, and palm oil are ever changing and Commodity Basis took on the role of real time changes in the prices of these commodities to keep the brokers and the traders posted.
You’re guaranteed that the prices listed on the website are accurate because they undergo manual and crosschecking. Moreover, these prices follow strict standards and abide by international rules.
Products and Services:
Aside from posting real time price changes of different commodities, they also create an online venue that agribusinesses from different countries can use to form networks. Partnerships, mentoring, and a sense of camaraderie are one of the ingredients for an agribusiness’ success and that is something that Commodity Basis can offer. They also publish historical data on their website that businessmen, traders, brokers, and analysts can use to understand the cycles, spreads, trends, and to closely monitor regressions.
If spot trading decisions need to be made, one can pay a quick visit to the Inter-Day Cash Market Data of the website to see real-time commodity-related information. If you want to pursue commodity future trading, you may look at S&D Futures Data of the website to know what’s happening in the global arena.
Running an agribusiness is definitely a piece of cake with an information and network hub like Commodity Basis. What more can a businessman ask for?
Commodity Basis 