What CIH Trading LLC does

CIH Trading LLC is an independent introducing broker specializing in agricultural futures and options, headquartered near the Chicago Board of Trade at 120 South La Salle St in downtown Chicago. Incorporated in early 2007 after operating as a brokerage group within a major futures commission merchant, the firm focuses exclusively on price risk hedging and trading advisory for agricultural commodity stakeholders, including beef feedlots, crop farms, dairy farms, elevators, ethanol plants, feed mills, food companies, grain originators, hog farms, importers/exporters, and independent traders. The company serves hundreds of clients across the United States, Canada, Latin America, Europe, and Southeast Asia through a sales-led, full-service brokerage model.

The firm operates on a transaction-fee revenue model, earning brokerage commissions on trade execution conducted via high-end third-party trading platforms that provide fair market prices and liquidity for agricultural futures and options. As an independent introducing broker, CIH Trading holds direct client relationships while partnered futures commission merchants handle clearing and settlement through the Chicago Mercantile Exchange and other major commodities exchanges. The company augments execution with timely market reports and analysis incorporating traditional trading factors, plus ongoing strategy development and position management guidance. The offering is wrapped in a team-based client service model delivered by approximately 51-100 employees, including a leadership team with more than 30 years of agricultural risk management experience.

CIH Trading is a member of the National Futures Association (NFA), the U.S. derivatives industry's self-regulatory organization, and operates under CFTC regulatory oversight. Co-founded by Perry Iverson (CEO) and Patrick Gregory (President), with David Ward as Vice President and head of client services since inception, the firm is privately held with no parent company, no disclosed institutional investors, and no public ticker. Distribution is primarily direct to enterprise agricultural clients, supported by educational content marketing tied to NFA, CFTC, and CME resources, and organic social presence on Twitter and LinkedIn under the DBA Commodity & Ingredient Hedging, LLC.

Name

CIH Trading LLC

Legal name

CIH Trading, LLC

Website

https://cihtrading.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

CIH Trading LLC is an independent introducing broker providing full-service agricultural futures and options brokerage, trade execution, and hedging advisory to commodity producers, processors, and traders across the United States, Canada, Latin America, Europe, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Commodity Brokerage Services

NAICS

Commodity Contracts Intermediation (52316)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Agricultural Commodities Exchanges (Grains, Oilseeds, Livestock) (FSAFAMAA)

akta.pro secondary industries

Commodity Derivatives Exchanges (Futures & Options on Commodities) (FSAFAMAG), Options Exchanges (Listed Options Markets) (FSAFABAK)

Keywords

• Agricultural futures brokerage
• Commodity options trading
• Agricultural risk management
• Independent introducing broker
• Commodity price hedging

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commissions: Full-service brokerage of agriculture futures and options, generating revenue through commissions on trade execution

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

CIH Trading, LLC provides full-service brokerage of agricultural futures and options, executing trades on high-end trading platforms to obtain fair market prices and liquidity. The offering is bundled with timely market reports and analysis, ongoing strategy development, and active position management support, delivered through its role as an independent introducing broker that routes trades to Futures Commission Merchants for clearing on exchanges such as the CME.

Product overview

CIH Trading LLC offers a single unified product portfolio centered on full-service agriculture futures and options brokerage. The core offering consists of specialized trade execution services supported by proprietary market reports and analysis, along with ongoing strategy development and position management guidance. These services work together as an integrated brokerage solution designed for agricultural stakeholders including feedlots, farms, elevators, ethanol plants, food companies, and traders. The company operates as an independent introducing broker, connecting clients with futures commission merchants for clearing and settlement through major commodities exchanges.

Differentiator

Problem solved

Functional benefit

Products and services

• Futures and Options Brokerage Full-service brokerage of agricultural futures and options for producers, processors, handlers, food companies, and traders, providing specialized trade execution on high-end trading platforms to ensure fair market prices and liquidity; delivered as an independent introducing broker routing trades to FCMs for clearing and settlement on exchanges such as the CME.
• Market Reports and Analysis Timely market reports and analysis that incorporate multiple traditional trading factors to help agricultural clients identify opportunities that fit their risk/reward objectives.
• Strategy Development and Position Management Ongoing guidance with strategy development and position management for agricultural clients, including recommending new positions and appropriate adjustments to existing positions to match client goals.

Named customers11 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Futures Commissions Merchants (FCMs)coreChannel Partner/ Reseller/ DistributorCIH works with a number of futures commissions merchants (FCMs) who clear and settle each trade with the Chicago Mercantile Exchange (CME) and other major commodities exchanges. As an independent introducing broker, CIH has direct relationships with clients while FCMs handle clearing and settlement.
• Chicago Mercantile Exchange (CME)coreOthersFCMs clear and settle trades with CME and other major commodities exchanges. CME is responsible for overseeing the integrity of the system for clearing and processing trades and offers educational resources.
• National Futures Association (NFA)coreOthersCIH Trading is a member of the National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry. NFA is the industry-wide, self-regulatory organization for the U.S. futures industry.

Scale indicators3 records

Recent moves5 records

Expansion highlights2 records

Direct peers

• Daniels Trading: Futures brokerage providing execution, research, and strategy guidance across agricultural and other commodity markets. Comparable to CIH in combining full-service brokerage with active strategy support for commodity traders.
• R.J. O'Brien & Associates: Chicago-based independent futures brokerage and FCM with deep agricultural commodity focus. Directly comparable to CIH as a competing ag-focused intermediary offering trade execution and clearing relationships through major exchanges.
• Marex: Global commodity broker with significant agricultural commodity execution and clearing services. Comparable to CIH as a commodity-focused intermediary serving commercial hedgers and traders across multiple regions.
• AgResource Company: Independent agricultural commodity research and brokerage firm serving producers, elevators, and end users. Directly comparable to CIH's niche of pairing ag-focused research and analysis with futures execution services.
• Allendale Inc. Agricultural research and brokerage firm providing ag commodity execution and advisory to farmers and commercial hedgers. Directly comparable to CIH's combination of market analysis plus trade execution for ag stakeholders.
• ED&F Man Capital Markets: Global commodity broker specializing in soft commodities, agricultural products, and derivatives execution. Directly competes with CIH in providing ag futures and options brokerage to commercial and speculative clients.
• ADM Investor Services: Futures commission merchant and brokerage affiliate of Archer Daniels Midland, focused heavily on agricultural commodity execution and clearing. Comparable to CIH in ag intermediation, with the additional backing of a global agribusiness parent.

Broad incumbents

• Cargill: Global agribusiness giant with significant commodity trading and risk management operations, including hedging services for its own origination business. Overlaps with CIH's agricultural commodities expertise but at vastly greater scale and with proprietary trading as the core activity.
• StoneX Group: Large global financial services firm (formerly INTL FCStone) with a major agricultural commodities intermediation and brokerage business. Overlaps with CIH in serving ag hedgers and speculative traders, but operates at much greater scale across multiple asset classes.
• Bunge Global: Global agribusiness and commodity trading major with extensive ag hedging and merchandising operations. Overlaps with CIH in agricultural commodity intermediation but operates primarily as a physical commodity merchant rather than a third-party broker.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/cihedging
• LinkedInlinkedin.com/company/commodity-ingredient-hedging-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 CIH Trading LLC