AGRIS Customer Documentation

Hrvyst Integration (AGS-8899)

Owned by Iegor Gutyria (Unlicensed)
Last updated: Jan 03, 2024 by Mike Terning
3 min read

What is Hrvyst?

Hrvyst is a purpose-built agri-tech application created by RJO for the commercial grain industry that automates hedging by digitizing the entire grain origination and merchandising process. It electronically links grain offers, purchases, and sales to the futures market and to AGRIS. The platform is broker-agnostic for use by commercial grain elevators with their existing brokerage firms.

AGRIS + Hrvyst Integration

AGRIS 20.1.0 includes a near real-time integration with R.J. O’Brien & Associates (RJO) Hrvyst automated offer and hedge management platform. This integration helps:

  • Maximize the ability for grain merchandisers and originators to use a single, broker-agnostic trading platform.

  • Reduce the time and effort to capture in AGRIS new Contracts and Contract changes resulting from the Hryvst Hedge management system.

  • Minimize hedge slippage.

  • Improve the accuracy and timeliness of contract / hedge position information in AGRIS.

  • Reduce effort to communicate AGRIS hedge position changes from spot contracts and over-/under-fills contracts with Hryvst.

For more information, please click HERE (https://greenstonesystems.com/hrvyst-mygrower/)

 

Hrvyst + MyGrower

Greenstone Systems is taking MyGrower functionality to new levels by partnering with Hrvyst to give your farmers the ability to create and modify offers directly from the MyGrower mobile platform. Once offers fill, contracts from Hrvyst will automatically flow to AGRIS with the integration in AGRIS 20.1.0.

This partnership expands your origination team’s reach and allows your agribusiness to book more bushels at the bid.

 

What are the Benefits?

For the Farmer

For the Originator

For the Merchandiser

For the Farmer

For the Originator

For the Merchandiser

  • Complete MyGrower functionality.

  • Ability to submit, view, and edit offers.

  • Ability to submit market offers in order to initiate contracts

  • Flexibility to digitally execute their own marketing plan to improve revenue.

  • Access to real-time bids and up to the minute futures prices.

  • Increase productivity through automation and by enforcing business rules and controls.

  • Assurance that transactions are executed perfectly the first time.

  • Accurate consolidation and delivery of business activities in real-time to support fast decision making.

  • Farmer offers are captured digitally as opposed to over the phone or in-person.

  • Hrvyst electronically cancels & replaces limit orders for basis changes.

For the Accountant

For the Manager

For the Accountant

For the Manager

  • The DPR stays accurate and up to date because Hryvst syncs with AGRIS and updates forward contracts and hedges automatically.

  • AGRIS spot contracts electronically flow to Hryvst for automatic hedging

  • Harvest maximizes the ability to enforce your position limit policies.

  • Digitizes the grain origination process to optimize the farmer’s experience while improving the productivity of your team.

How does the integration work?

  1. Farmer submits and modifies offers in MyGrower.

  2. Hrvyst automatically manages offers and hedges filled offers.

  3. Hryvst contracts and hedges automatically flow to AGRIS (available with AGRIS 20.1.0).

  4. Farmer electronically signs Contracts in MyGrower.

  5. Farmer sees Contracts, Tickets and more in MyGrower.

  6. Farmer can request Settlements via MyGrower.

 

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