For institutional buyers

Buy produce you can trace to a scale

Hotels, supermarkets, processors and export buyers. Every lot on the market is backed by a warehouse receipt, not by a description.

What a listing is

Not an advertisement. A listing points at a warehouse receipt, and that receipt was issued because a specific load was weighed at a specific hub and graded by a named inspector. What you see on the listing is what the record says:

  • The commodity and the grade an inspector recorded.
  • The weight a scale recorded, not the weight a farmer estimated.
  • The hub or accredited warehouse the produce is standing in.
  • Whether the receipt is free to sell, or pledged against a loan.

A receipt that has been pledged as loan collateral cannot be listed — the grain is already promised to a lender, and selling it twice is precisely what the register exists to prevent.

Grading, and what it means

Produce is graded A, B, C or rejected, against BOBS and AMA-aligned standards. Every grading carries a confidence figure, and a lot graded below 85% confidence cannot earn a quality certificate whatever its grade.

Grading is done by an inspector at the hub, and their name is on it — a real person is accountable for the assessment you buy against. Automated grading joins them on the same contract, which means what you see on a listing stays the same either way.

How settlement works

You fund a wallet before you buy. When you accept a listing, the money is moved from your balance into escrow, the fees are taken out of the seller's proceeds, and the receipt is transferred to you — all in one movement, against a double-entry ledger that has to balance to the cent.

Worth knowing: a contract is agreed the moment you accept, and settlement resolves a moment later. If your wallet cannot cover it the contract is rejected and the listing reopens — so fund before you commit, not after.

Contracts

Spot contracts settle against produce that already exists in a warehouse. Forward contracts are agreed before harvest, which is how a processor secures supply and a farmer secures a price — and they are charged at 1.0% all-in rather than the spot rate, because the price risk the farmer gives up is the point of the instrument.

Framework agreements cover a standing relationship across a season rather than a single load.

The exchange

Everything above runs through the marketplace, where you deal directly with the producer. A formal order book — limit, market and stop orders, price-time priority matching and circuit breakers — follows for buyers who want to trade rather than source.

Source with confidence

Register as a buyer, complete verification, and fund a wallet when you are ready to transact.