Commodity & Ingredient Hedging
Commodity & Ingredient Hedging (CIH) is a Chicago-based risk management firm providing commodity hedging consulting, brokerage, and insurance services to over 1,000 agricultural producers and commercial buyers across hog, cattle, dairy, grains, metals, and renewables markets via a proprietary technology platform.
- Company typePrivate
- Founded1999
- HeadquartersChicago, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Commodity & Ingredient Hedging does
Commodity & Ingredient Hedging (CIH), founded in 1999 and headquartered in Chicago, is a privately held risk management firm focused on commodity price exposure for the agricultural sector. The company serves over 1,000 agricultural producers and commercial buyers across hog, cattle, dairy, grains and oilseeds, metals, and renewables markets, providing futures, options, insurance, and swaps execution supported by an in-house education and research function.
CIH's core technology asset is a proprietary risk management platform developed over 20 years, complemented by a mobile app, MPCI analysis tools, a Risk Manager tool, and the recently launched GrainOS module for grains and oilseeds. The platform aggregates consulting, brokerage, and insurance execution (including MPCI, LRP, LGM, DRP, and PRF products) into a single interface, with reporting and scenario modeling accessible via web and mobile. CIH Insurance Services, LLC operates as a licensed insurance agency subsidiary.
The company generates revenue through subscription-based consulting services (sold quarterly), transaction-based brokerage commissions acting as an introducing broker, insurance brokerage commissions, and fee-based education seminars priced from $49 for individual simulations to USD 1,000 per attendee for international workshops; seminars are free for existing clients. CIH also conducts a multi-channel marketing program (blog, newsletter, LinkedIn, Twitter, seminars, simulations, video tutorials) and operates through direct consulting engagements at its Chicago headquarters and Clive, Iowa office, with sector-dedicated business development teams for cattle, hog, dairy, and crop producers. In March 2025 CIH acquired Advance Trading (ATI) to expand its grain footprint, and in November 2025 Tokio Marine Holdings signed a definitive agreement to acquire CIH from Falfurrias Capital Partners for $970 million, expected to close in Q1 2026.
Commodity & Ingredient Hedging firmographics
Firmographics- Name
- Commodity & Ingredient Hedging
- Legal name
- Commodity & Ingredient Hedging, LLC
- Website
- https://cihedging.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Commodity & Ingredient Hedging (CIH) is a Chicago-based risk management firm providing commodity hedging consulting, brokerage, and insurance services to over 1,000 agricultural producers and commercial buyers across hog, cattle, dairy, grains, metals, and renewables markets via a proprietary technology platform.
- Ownership category
- akta.pro rank
Commodity & Ingredient Hedging industry classification
Industry- Product category
- Agricultural Commodity Risk Management
- NAICS
- Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Commodity Risk Management, Hedging & Brokerage (Food) (AFAIAKAK)
- akta.pro secondary industry
- Commodity Market Data, Pricing & Benchmark Administrators (Commodity Indices/Assessments) (FSAFAMAJ)
Keywords
Where Commodity & Ingredient Hedging is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Commodity & Ingredient Hedging business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Consulting Services: Ongoing advisory and consulting engagements providing regular consultation and customized risk management strategies for agricultural producers and commercial buyers. Delivered via weekly education-driven sessions combined with personalized plan development.
- Brokerage Services: Execution of futures and options contracts on behalf of clients, earning commissions on transactions. CIH acts as introducing broker routing orders to exchanges.
- Insurance Services: Insurance brokerage and advisory services for agricultural insurance products including MPCI, LRP, LGM, DRP, PRF. CIH Insurance Services, LLC is a licensed insurance agency earning commissions from insurance companies.
- Education and Seminars: Fee-based seminars and educational programs for agricultural commodity market participants. Pricing ranges from free for existing clients to $85-$1,000 per person for public attendees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | One time | Seminars - Free for CIH Clients |
| Unit Pricing | One time | Seminars - Public Pricing |
| Unit Pricing | One time | Advanced Hog Margin Simulation |
| Subscription | Quarterly | Consulting and Risk Management Services |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Commodity & Ingredient Hedging product offering
Product offeringCore offering
Commodity & Ingredient Hedging provides integrated agricultural commodity risk management services combining consulting, brokerage, and insurance brokerage across hogs, cattle, dairy, grains/oilseeds, metals, renewables, and financial commodities. The firm delivers subscription-based consulting, executes futures and options as an introducing broker, and brokers crop and livestock insurance products (MPCI, LRP, LGM, DRP, PRF) through its subsidiary CIH Insurance Services, LLC. Clients access a proprietary web and mobile technology platform developed over 20 years for real-time position monitoring, margin analysis, scenario modeling, and contract benchmarking.
Product overview
CIH is a technology-focused risk management firm offering an integrated platform combining consulting, brokerage, and insurance services for agricultural commodity markets. The core CIH Risk Management Platform enables clients to view, model, and manage exposure through futures, options, insurance, and swaps in a single interface. CIH serves multiple commodity sectors including hogs, cattle, dairy, grains/oilseeds, metals, and renewables. Insurance offerings include Multi-Peril Crop Insurance (MPCI) with SCO/ECO endorsements, Livestock Risk Protection (LRP) for cattle and swine, Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP), and Pasture/Rangeland/Forage (PRF) coverage. Education services encompass seminars, strategy simulations, and tutorials covering margin management across all sectors. CIH acquired Advance Trading (ATI) in March 2025 to expand its grain industry footprint.
Differentiator
Problem solved
Functional benefit
Brands
- CIH Insurance Services, LLC: Insurance services division of Commodity & Ingredient Hedging providing crop insurance and other insurance products
Products and services
- CIH Risk Management Platform Proprietary web-based platform enabling clients to view, model, and manage commodity price exposure across futures, options, insurance, and swaps positions through a single interface, with real-time position monitoring, margin analysis, capital monitors, contract analysis, automated reporting, and scenario modeling.
- Risk Management Consulting Services Ongoing advisory and consulting engagements providing regular consultation, weekly education-driven sessions, and customized risk management strategies for agricultural producers and commercial buyers. Delivered via dedicated industry teams (cattle, hog, dairy, grains).
- Commodity Brokerage Services Execution of futures and options contracts on behalf of clients across hogs, cattle, dairy, grains, metals, renewables, and financial commodity markets. CIH acts as introducing broker routing orders to exchanges, earning commissions on transactions.
- Multi-Peril Crop Insurance (MPCI) Federal crop insurance covering losses from natural events including drought, flood, hail, and disease. Includes Revenue Protection (RP), Yield Protection (YP), and endorsement options such as SCO and ECO.
- Livestock Risk Protection (LRP) - Cattle Coverage against market price declines for feeder and fed cattle. Provides customizable price floors with 35-55% subsidized premiums, settling against the CME Feeder Cattle Index or live cattle cash index.
- Livestock Risk Protection (LRP) - Swine Protection against price declines for future hog sales. Offers customizable coverage dates, prices, and head amounts with premiums subsidized 35-55% and settlement against the CME Lean Hog Index.
- Livestock Gross Margin (LGM) - Swine Protection against declines in gross margins for swine producers, covering market value of livestock minus feed costs over an 11-month period.
- Dairy Revenue Protection (DRP) Insurance coverage for dairy producers protecting against revenue declines based on milk revenue relative to projected revenue.
- Pasture, Rangeland and Forage (PRF) Insurance Subsidized insurance plan offsetting feed expenses due to lack of precipitation, using area-based rainfall measurements.
- Crop Insurance Endorsements (SCO, ECO) Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO) endorsements providing additional county-based coverage above base MPCI policies.
- CIH Insurance Services, LLC Insurance agency subsidiary licensed to sell crop and livestock insurance products, earning commissions from insurance carriers.
- CIH Mobile Application Mobile app providing clients access to policy details, indemnity estimates, market data, analytics, and scenario tools from any device.
- GrainOS Specialized risk management platform for grain and oilseeds market participants, referenced in CIH's market analysis and WASDE report summaries.
- Education Seminars Targeted seminars covering hog risk management, crop margin management, beef margin management, dairy margin management, commodity price risk management workshops, and FINTECH topics. Includes CPE credits and NASBA continuing education, held at US and international locations.
- Strategy Simulations Web-based simulations including dairy margin, hog margin, beef margin, soybean producer, and corn purchasing simulations for skill development in hedging strategies, with Spanish-language versions also available.
Quantifiable outcome
- Over 1,000 clients served across agricultural commodity markets
- +2 more outcomes
Companies that use Commodity & Ingredient Hedging
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles2 records
Commodity & Ingredient Hedging technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Commodity & Ingredient Hedging partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Tokio Marine HCCcoreTokio Marine HCC is the specialty insurance segment of Tokio Marine Group. The CIH acquisition will strengthen Tokio Marine HCC's agricultural business and expand its non-insurance risk solutions capabilities by combining CIH's commodity expertise and proprietary technology platform with Tokio Marine HCC's existing agricultural business.
- Tokio Marine HoldingscoreTokio Marine Holdings, a leading global insurance group with market cap of ~$74 billion, signed a definitive agreement to acquire CIH from Falfurrias Capital Partners for $970 million. The acquisition is expected to close in Q1 2026 and will enhance Tokio Marine's specialty offerings in the U.S. agricultural sector, expand non-insurance risk solutions capabilities, and diversify earnings by combining Tokio Marine HCC's agricultural business with CIH's platform. CIH CEO Pat Gregory stated the partnership will extend reach, broaden capabilities, and deepen client support.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Commodity & Ingredient Hedging competitors and assessment
Company assessmentBroad incumbents
- CME Group: Operator of the largest US agricultural futures and options exchanges (CBOT, CME). Not a direct advisor/competitor but a foundational infrastructure provider whose product suite (corn, soybean, wheat, cattle, hog futures) underpins CIH's hedging recommendations.
- ADM Investor Services: Futures brokerage and clearing arm of Archer Daniels Midland serving commercial and institutional clients in agricultural and other commodity markets. Direct competitor in agricultural futures execution, with parent-subsidiary capital backing.
- ED&F Man: Global commodity merchant and brokerage offering hedging services to producers and commercial buyers across sugar, coffee, grains, and other soft/agricultural commodities. Comparable integrated risk management plus execution, though globally diversified.
- Cargill Risk Management: Principal commodities merchant that offers client-facing hedging and risk management services as part of a much broader agricultural supply chain. Comparable in offering integrated advisory and execution but subsidized by a global commodities franchise far larger than CIH.
- Nationwide Agribusiness: Specialty crop and livestock insurance provider and subsidiary of Nationwide Mutual. Comparable to CIH Insurance Services in offering federally subsidized MPCI, LRP, and PRF products to producers, with broader distribution scale.
Emerging players
- AgResource Company: Independent agricultural commodity research and advisory firm serving producers, elevators, and end-users with market analysis and hedging recommendations. Comparable in research-driven advisory model but narrower in execution/brokerage capability than CIH.
- DTN (Progressive Ag): Provider of agricultural weather, market data, and decision-support tools to producers and agribusinesses. Adjacent comparator — overlapping client base with CIH — increasingly bundling market analytics that can complement or substitute for advisory work.
Direct peers
- R.J. O'Brien & Associates: Independent futures broker and clearing firm serving agricultural and other commodity clients with execution and managed hedging programs. Direct competitor in agricultural futures brokerage and introducing-broker services.
- Advance Trading (ATI): Provider of risk management and brokerage services to the grain industry, acquired by CIH in March 2025. Was a direct competitor in grain hedging prior to the deal and remains a useful benchmark for grain-segment execution capability.
- StoneX Group (formerly INTL FCStone): Global commodity brokerage and risk management provider offering execution, clearing, and hedging advisory across agricultural and other commodities. Closely comparable to CIH's brokerage-plus-advisory model but at significantly larger scale and broader geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Commodity & Ingredient Hedging social profiles
Digital presenceCommodity & Ingredient Hedging compliance and trust
Trust signalCompliance3 records
Commodity & Ingredient Hedging financial estimates
Financial estimateRevenue estimate
Valuation estimate
Commodity & Ingredient Hedging leadership team
Management profileNumber of profiles
Profiles9 records
Commodity & Ingredient Hedging subsidiaries and ownership
Company hierarchySubsidiaries1 record
Commodity & Ingredient Hedging funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Commodity & Ingredient Hedging M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Commodity & Ingredient Hedging
What does Commodity & Ingredient Hedging do?
Commodity & Ingredient Hedging provides integrated agricultural commodity risk management services combining consulting, brokerage, and insurance brokerage across hogs, cattle, dairy, grains/oilseeds, metals, renewables, and financial commodities. The firm delivers subscription-based consulting, executes futures and options as an introducing broker, and brokers crop and livestock insurance products (MPCI, LRP, LGM, DRP, PRF) through its subsidiary CIH Insurance Services, LLC. Clients access a proprietary web and mobile technology platform developed over 20 years for real-time position monitoring, margin analysis, scenario modeling, and contract benchmarking.
Is Commodity & Ingredient Hedging a public or private company?
Commodity & Ingredient Hedging is a private company. It is classified as private equity controlled and is currently operating.
When was Commodity & Ingredient Hedging founded?
Commodity & Ingredient Hedging was founded in 1999. It employs 101 to 250 people.
Where is Commodity & Ingredient Hedging based?
Commodity & Ingredient Hedging is headquartered in Chicago, United States, in the North America region.
How does Commodity & Ingredient Hedging make money?
Four revenue lines are on record. Consulting Services are the primary driver. The others are brokerage Services, insurance Services and education and Seminars.
Who are Commodity & Ingredient Hedging's main competitors?
Broad incumbents on record are CME Group, ADM Investor Services, ED&F Man, Cargill Risk Management and Nationwide Agribusiness. Emerging players are AgResource Company and DTN (Progressive Ag). Direct peers are R.J. O'Brien & Associates, Advance Trading (ATI) and StoneX Group (formerly INTL FCStone).
Does Commodity & Ingredient Hedging have an API?
No public API is recorded for Commodity & Ingredient Hedging.
What industry is Commodity & Ingredient Hedging in?
Commodity & Ingredient Hedging's product category is Agricultural Commodity Risk Management. Its primary akta.pro industry code is AFAIAKAK, Commodity Risk Management, Hedging & Brokerage (Food), with a secondary code of FSAFAMAJ, Commodity Market Data, Pricing & Benchmark Administrators (Commodity Indices/Assessments). Its NAICS code is 52316 and its SIC code is 6221.