Press release

Geneva, Switzerland – 31st of March 2025

CircleOut, the industry’s leading platform for identifying and matching circles and washouts in physical commodity trading has reached a new milestone. In the month of March, the platform successfully netted 559.000 metric tons of contracts volume by identifying circles for May–July delivery period—marking this a new record for German Lower Rhein rapeseed meal market. 

This achievement underscores the growing impact of CircleOut as a powerful efficiency driver across the Agri trading network. For May–July delivery period, platform participants have now closed on average 50.3% of their positions—demonstrating the value of early market alignment and willingness to collaborate. Key market participants have synchronically uploaded and updated contracts in Covantis CircleOut platform just before the algorithm identifies the circles and contracts to be netted. 

“The benefits compound as the market changes to the digital process of automatically identifying Circles via Covantis platform. This new record in the Lower Rhein rapeseed meal market highlights the clear efficiency gains the platform brings to trading firms.” ,said Sorin Albeanu, Head of Commercial at Covantis. ”  

With over 35 companies already part of the network and over 43 million metric tons of volume processed to date, CircleOut continues to solidify its position as the go-to platform for optimizing physical trade flows and netting positions in advance of the delivery.

About CircleOut
CircleOut is the digital platform that helps commodity traders identify circles and washouts across complex contract chains. By automatically identifying circles and netting positings, CircleOut reduces operational burden, improves capital efficiency, and unlocks collaboration across trading partners.