John Stewart and Associates

What John Stewart and Associates does

John Stewart and Associates (JSA) is a privately-held agricultural commodity risk management firm founded in 1976 in Albuquerque, New Mexico and currently headquartered in St. Joseph, Missouri. The company operates as a Guaranteed Introducing Broker through RJO'Brien, providing brokerage and trading services in futures, options, and swaps to agricultural producers, farmers, and commercial hedgers throughout the U.S. Corn Belt. JSA serves a horizontal mix of agricultural customers including grain elevator companies, ethanol and food processors, feed manufacturers, livestock feeders, biofuels customers, merchandisers, food/ingredient/industrial product manufacturers, and institutional/individual traders.

JSA's core offerings center on team-based Agricultural Hedging & Risk Management Consulting, Brokerage Services, and the JSA Select Pricing producer marketing program. The technology platform includes the JSA Today mobile application delivering premium research, commodity quotes, USDA/NASS reports, and trade recap notifications, supplemented by a suite of nine interactive Market Intelligence Dashboards covering Commitments of Traders, Crop Conditions, Crop Progress, Domestic Production, Export Inspections, Export Sales, Futures Prices & Spreads, Quarterly Grain Stocks, and World Supply & Demand. The firm maintains exclusive access to ProExporter Network (PRX) research, transportation modeling, grain flow analysis, and proprietary historical basis and spread data through a partnership dating to 1988.

Revenue is generated through transaction-based brokerage fees (varying with trading volume and requirements), professional services consulting fees, and the JSA Select Pricing managed services program. Distribution is via direct enterprise sales through six branch offices across the U.S. Corn Belt, supplemented by inside sales consultations and self-serve mobile access. AgMarket.Net functions as a wholly-owned Farm Division serving individual producers. Pricing is not publicly disclosed, with multi-year client relationships and free initial consultations as standard practice.

Name

John Stewart and Associates

Legal name

John Stewart and Associates, Inc.

Website

https://jpsi.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

John Stewart and Associates is a privately-held agricultural commodity risk management firm and Guaranteed Introducing Broker through RJO'Brien, serving grain elevators, processors, feed manufacturers, livestock feeders, farmers, and traders across the U.S. Corn Belt with hedging, brokerage, and producer marketing services.

Ownership category

akta.pro rank

Product category

Agricultural Risk Management & Commodity Brokerage Services

NAICS

Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Commodity Risk Management, Hedging & Brokerage (Food) (AFAIAKAK)

Keywords

• Agricultural risk management
• Commodity futures brokerage
• Grain hedging services
• Producer marketing programs
• Cash basis consulting

Headquarters

HQ city

Eureka

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Brokerage and Trading Services: JSA provides professional brokerage and trading services using futures, options, or swaps for commercial clients. Fees vary according to trading requirements and volume. The firm operates as a Guaranteed Introducing Broker through RJO'Brien.
2. Consulting Services: Full range of consulting services including commodity futures consulting, risk management consulting, and cash basis consulting. Fees vary according to consulting requirements.
3. JSA Select Pricing Program: Third-party marketing program where JSA sets the futures price for a producer's forward cash contract. Producers enroll bushels of corn, soybeans, or hard red winter wheat within a delivery window where JSA establishes the futures price.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

John Stewart and Associates (JSA) is a commodity and agricultural risk management specialist that provides professional brokerage and trading services using futures, options, and swaps, alongside team-based hedging and risk management consulting and the JSA Select Pricing producer marketing program. Operating as a Guaranteed Introducing Broker through RJO'Brien, the firm serves U.S. agricultural producers, grain elevators, processors, ethanol and food manufacturers, feed manufacturers, livestock feeders, and traders with margin management, cash basis consulting, and customized price risk management strategies.

Product overview

John Stewart and Associates (JSA) operates as a commodity and agricultural risk management firm offering an integrated platform of services centered on price risk management, hedging, and grain marketing. The core offerings include JSA Select Pricing (a producer marketing program for grain pricing), Agricultural Hedging & Risk Management Consulting, and Brokerage Services using futures, options, and swaps. These are supplemented by the JSA Today Mobile App for on-the-go market access and a suite of Market Intelligence Dashboards providing real-time agricultural data. The Market Views newsletter delivers daily market commentary to clients. JSA functions as a Guaranteed Introducing Broker through RJO'Brien and maintains an exclusive association with The ProExporter Network for proprietary research and forecasting.

Differentiator

Problem solved

Functional benefit

Brands

• AgMarket.Net: Farm Division of John Stewart and Associates - a forward-thinking agricultural marketing and consulting firm rooted in the heartland of the United States.

Products and services

• Brokerage Services

Quantifiable outcome

• JSA has worked to bring value to producers by increasing the prices they receive for corn sold to commercial grain companies and end users across the Midwest over 9 years

Named customers9 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature13 records

Partnerships

Two partnerships are on record, tiered core.

• The ProExporter Network (PRX)coreStrategic or Co-development Partner · 1 January 1988JSA has been exclusively associated with The ProExporter Network (PRX) since 1988. This association gives access to proprietary research, historical data in grain and fertilizer, fundamental knowledge of grain logistics and grain system transportation, transportation modeling, grain flow analysis, and long-range Supply/Demand forecasting.
• RJO'BriencoreChannel Partner/ Reseller/ DistributorJohn Stewart and Associates is a Guaranteed Introducing Broker through RJO'Brien. JSA provides brokerage services using RJO'Brien's trading platform for futures, options, or swaps.

Scale indicators5 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• R.J. O'Brien: R.J. O'Brien is JSA's clearing partner and one of the oldest independent U.S. futures brokers (FCM). It operates a Guaranteed Introducing Broker program used by JSA and offers the same futures/options/swaps execution and agricultural research product set, making it the closest direct comparable in scale and business model.
• Brock Associates: Brock Associates is a long-standing (since 1980) agricultural advisory and brokerage firm serving farmers and elevators with marketing advice, hedging recommendations and proprietary research. Its team-based consulting model and target customer base closely mirror JSA's value proposition.
• White Commercial Corp: White Commercial is a U.S. agricultural commodity brokerage and consulting firm focused on grain hedging, basis analysis and producer marketing programs. It competes head-on with JSA in the producer/elevator segment with a similar fee-based advisory and execution offering.
• Global Risk Management (GRM): GRM is an agricultural commodity hedging and consulting firm (formerly known as Linwood Rose and rebranded) that provides grain marketing, hedging consulting and risk management to producers and commercial accounts - the same niche JSA serves.

Broad incumbents

• StoneX Group: StoneX (formerly INTL FCStone, and the parent of ADMIS) is a large publicly-traded FCM and introducing-broker clearing provider offering agricultural, energy and metals brokerage plus market intelligence dashboards. It competes with JSA for ag hedging clients while also clearing for hundreds of IBs, putting it in direct and broad-incumbent overlap.
• ED&F Man Capital Markets: ED&F Man is a global commodities firm with significant agricultural soft commodities brokerage and clearing operations. It overlaps with JSA in agricultural futures brokerage and clearing, but at much larger international scale.
• ADM Investor Services: ADMIS (now part of StoneX) is an FCM and introducing-broker clearing provider with deep agricultural futures expertise and the same kind of brokerage and research offering as JSA. Multiple JSA principals (Brian Burke, Brent Baker) trained at ADM, making it both a competitor and a recruiting ground.
• Cargill: Cargill is one of the world's largest agricultural commodity merchandisers with proprietary trading, hedging and risk management capability that internalizes much of the activity JSA brokers for clients. It is the dominant broad incumbent whose former employees (e.g., Kevin Clausen) populate JSA's principal bench.
• CHS Inc. CHS is the largest U.S. agricultural cooperative and a major grain originator, merchandiser and risk manager. Mike 'Rocky' Rokala (JSA principal) previously traded at CHS, and CHS's hedging and origination services compete for the same elevator, processor and producer accounts JSA serves.

Emerging players

• Gulke Group: The Gulke Group is a smaller agricultural commodity research and advisory firm providing market outlooks and hedging ideas to producer and commercial clients. It overlaps with JSA's research and consulting product but is more research-only than full-service brokerage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/john_stewart76

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about John Stewart and Associates