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Agricultural Giants Sell Digital Venture to Crop Tech Startup Bushel

  • GrainBridge purchase expands Bushel’s network in U.S., Canada
  • Bushel will emerge a ‘winner’ in crowded online ag space: CEO
Corn Jumps As U.S. Stockpiles Trail Estimates
Photographer: Daniel Acker/Bloomberg
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Archer-Daniels-Midland Co. and Cargill Inc. sold their technology venture GrainBridge to startup firm Bushel Inc., which seeks to deepen digital trading connections for the U.S. and Canadian grain industry.

ADM joins Cargill in becoming a Bushel client, giving what the Fargo, North Dakota-based firm bets will be an edge in the crowded space of digital agriculture trading platforms. Bushel is counting on the deal to cement its claim of being the largest digital network for U.S. grain growers and buyers. Terms of the deal, announced Tuesday by Bushel, weren’t disclosed.