If you know the name INTL FCStone Inc., meet StoneX — the same company, but a new brand.
StoneX focuses on connecting clients to markets. It leverages its presence in virtually every major agricultural market in the world to connect underserved clients to new opportunities through a customer-centric approach that emphasizes hands-on guidance, long-term relationships, and customized solutions.
StoneX helps clients manage their margins against commodity price volatility through a unique blend of global market access, electronic platforms, high-touch service and deep expertise. Most recently, the company added additional staff and a cash brokerage arm in Western Canada to complement its current crop marketing advisory and software business, Know-Risk Crop Marketing, that touches over 1 million acres already.
“While our global reach and wide range of services allow us deep expertise in the commodity markets, where we really shine is the high touch and personalized services provided by our staff that have boots on the ground experience and deep personal connections with the commodities they are advising on, many of which have grown up on the farm themselves and continue to be involved with their family agriculture and commodity businesses,” Dave Smoldt, President Commodities Division.
To emphasize their personalized services, StoneX has also launched a new corporate video series, Boots on the Ground, to tell the stories of the connections between their colleagues and the markets they serve:
Service & Growth in Western Canada
What can clients expect from StoneX?
Cash Brokerage: Initially launched to solidify the market intelligence and price discovery for Know-Risk Crop Marketing clients, StoneX is now trading 20 commodities with over 60 different buyers in Western Canada and the northern U.S. As volume has grown, so have the offerings with the recent launch of the Cash Brokerage Insights subscription packages available to both buyers and sellers.
Know-Risk Crop Marketing: With a growing customer base in Western Canada, and also recently launched in the US, Know-Risk Crop Marketing puts powerful commodity solutions in the hands of producers to be proactive in the market and protect margins. StoneX advisors provide coaching and a comprehensive set of tools to track and analyze market position and overall profit. Producers have total visibility over their entire operation, plus the mentorship and support to improve each year. Read more about Know-Risk Crop Marketing here.
Grain Contracting Alternatives: StoneX offers diversified tools for marketing, including professional pricing programs without the complexity of margin requirements associated with traditional hedging, and without being locked into a single elevator, through StoneX subsidiary, FCStone Merchant Services, LLC. Also available are flexible cash contracts including futures first, minimum price contracts, min/max price contracts and more. These physically settled contracts establish a hedge price without basis and are margin free.
StoneX continues their growth with more than 2,000 employees; they are actively doing business in 130 countries with a customer base of 30,000, and has recently expanded by acquiring GAIN Capital last month.
For more information about StoneX, visit stonex.com, or read their 2020 Corporate Fact Sheet.