For Media: About My Grain Exchange Ltd.
- My Grain Exchange
- Jun 24
- 2 min read
Backgrounder:
Company Name: My Grain Exchange Ltd.
Founded: 2020
Headquarters: Saskatoon, SK
Website: www.mygrainexchange.com
Industry: Agri-Tech / Grain Marketing
Tagline: More Buyers. More Bids. More Ways to Sell Your Grain.
Company Overview
MyGrainExchange Ltd. is a Western Canadian agri-tech company modernizing the way farmers market and sell their grain. Built by farmers and grain marketing professionals, MyGrainExchange (MGX) is a 24/7 online grain marketplace designed to improve price discovery, streamline negotiations, and expand market access — all while putting control directly into the hands of producers.
MGX allows farmers to publicly list their grain inventory or new crop acres at any time. Buyers — including grain companies, feedlots, brokers, and processors — can browse listings, submit bids, and negotiate deals using a secure, in-platform chat. All trades are FOB farm, with delivery terms arranged directly between the buyer and seller after a deal is confirmed.
Key Features & Benefits
24/7 Public Listings: Inventory is visible in an open marketplace, allowing for passive, round-the-clock marketing.
Real-Time Negotiation: Sellers can accept, reject, or counter bids instantly through secure in-platform chat.
Optional Sample Analysis: Sellers can list with an estimated grade; buyers can request samples or submit multi-grade bids.
New Crop Listings: Supports forward contracting with options for Act of God and deferred delivery terms.
User Rating System: Peer-reviewed profiles add trust and transparency for both buyers and sellers.
FOB Farm Pricing: Simplified transactions with direct logistics between trading partners.
CGC Buyer Preferences: Sellers can choose to work exclusively with CGC-licensed buyers or block specific companies.
Who We Serve
MyGrainExchange.com is backed by excellent customer support and built for:
Farmers: Primary grain producers in Western Canada listing conventional or organic grains, pulses, and oilseeds.
Buyers: Elevators, feedlots, brokers, maltsters, and food-grade processors sourcing grain across Western Canada.
Mission
To simplify grain marketing and help Western Canadian farmers access more buyers and better prices for a smarter, more transparent selling process — all online.
Leadership
Merv Bercheid, Founder – A grain broker and marketer with deep roots in the Saskatchewan ag industry.
Cole Thompson, President – An innovative tech professional focused on building farmer-first digital solutions.
Contact
📞 +1 (306) 244-1124
📍 Based in Western Canada
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