October 4, 2010
John Deere Agri Services and Telvent DTN to add communications interfaces to AGRIS Commodity Management system
Press Release
John Deere Agri Services and Telvent DTN have announced an agreement to develop communications interfaces for streaming Telvent DTN information into the AGRISâ„¢ Commodity Management system.
The interfaces will help agribusiness professionals using the AGRIS system reduce manual data entry of pricing information and contracts for completed offers, allow management of cash basis prices in one place, and simplify inventory valuation processes.
The interfaces will facilitate the transfer of Telvent DTN information to the AGRIS Commodity Management system in three areas: futures market and posted basis information from a DTN hosted website will populate prices on commodity contracts; updated futures and basis prices can be accessed for inventory valuation; and accepted offers from the DTN Grain Portalâ„¢ will import as contracts.
"We see great benefit to our customers by reducing effort with the ''mark to market'' valuation process, improving contract pricing data integrity, and more efficiently managing offers in concert with Telvent DTN''s agribusiness tools," says Allen Smith, senior product manager with John Deere Agri Services. "Being able to automatically move completed offers as contracts into the AGRIS system will be a most welcome labor-saving feature," Smith adds.
"The agriculture industry today is more volatile, complex and faster moving than ever before. In order to help agriculture professionals succeed during these challenging times, Telvent aims to provide its customers with the best tools and market data available," explains Telvent chief executive officer, Ignacio Gonzalez. "Our agreement with John Deere Agri Services provides agribusinesses with the ability to capitalise on market opportunities more effectively and increase the overall efficiencies of their operations."
The interfaces are currently planned for release in the fall of 2010.