Source: Chris Clayton, PROGRESSIVE FARMER, 1/29/18



Last week, Louis Dreyfus Co., one of the world's largest ag commodity traders, sold 60,000 metric tons of U.S. soybeans (2.2 million bushels) to a Chinese processor using a digital "blockchain" platform. The sale worked better than even expected. While blockchain is the technology behind crypto-currencies such as Bitcoin, the concept of digitized papertrails has been creeping into the commodities market, mainly with gold. Suddenly, blockchain is entering the world of agricultural commodities.

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