5 min read
Key takeaways
- The Pix implementation at Cargill presented an opportunity to further develop and evolve the payments process from the traditional electronic fund transfer system (TED) payment type and tap into the instant payment scheme that is increasingly being adopted across Brazil
- By implementing Pix (Brazil real-time payments), an instant payment scheme created by the Banco Central do Brazil (BCB), through J.P. Morgan Payments, Cargill enabled real-time payment execution, optimized working capital cycles and helped ensure immediate fund availability for producers
- By integrating instant payments, Cargill fortifies its financial supply chain resilience and reinforces its leadership in sustainable agribusiness and financial inclusion for rural producers
ENGLISH | PORTUGUÊS
About
As one of the world’s largest agribusinesses, Cargill plays a pivotal role in feeding the world in a safe, responsible and sustainable way.1 Operating in 70 countries, the company invests in payment solutions to optimize supply chains and enhance economic resilience—particularly in strategic markets, like Brazil.2
Since 1865, Cargill has prioritized efficient supply chain operations.3 Recognizing the necessity of an agile, resilient treasury framework, Cargill collaborated with J.P. Morgan Payments to strengthen its financial infrastructure.4 Following implementation, both organizations collaborated to develop a forward-looking path toward payment efficiency and financial optimization.
The challenge
Given Brazil’s role as a global leader in soybean and grain production, the country represents an important market for Cargill operations.5 However, the agricultural sector’s liquidity dynamics have evolved to favor instantaneous payment execution, which helps sustain producer cash flow and better facilitate trade cycles. Because soybean farmers operate in a competitive, time-sensitive environment, ensuring rapid transaction settlements is a competitive advantage.6 Offering Pix, an instant payment system created by the Brazil Central Bank, enables Cargill to maintain its market position and foster long-term supplier trust.6
Before adopting Pix, a preferred payment method among Brazilian individuals and businesses, Cargill had been continuously improving its grain purchasing model to enhance the immediacy of payments to farmers.7
According to Global Bank Connectivity Lead at Cargill, Sundeep Singh, the sector’s volatility—driven by fluctuating commodity prices, unpredictable weather conditions and logistical complexities—favors a payment mechanism capable of instant execution and high availability. Traditional ACH and wire transfers often introduced friction.8 To maintain operational agility, minimize financial disruption and reinforce producer confidence in its transactional framework, Cargill set out to evolve and future-proof its ACH and wire transfer infrastructure.8
The solution
Cargill, in collaboration with J.P. Morgan Payments, integrated Pix into its treasury ecosystem, leveraging the platform’s real-time capabilities to streamline settlement flows.8 This modernization enabled Cargill’s field teams to execute near-instantaneous payments, enhancing financial predictability and ensuring funds reached producers without delay.8 The ability to provide immediate payment settlement further reinforces Cargill’s credibility among soybean farmers, positioning the company as a trusted partner in an increasingly competitive landscape.8
Singh highlighted some anticipated benefits with the implementation of Pix:
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Cash flow optimization: Instant payments further enhance working capital management by enabling producers to reinvest immediately, sustaining production cycles without funding constraints
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Counterparty confidence: Real-time settlements reinforce Cargill’s credibility among producers, solidifying long-term supplier relationships
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Market positioning: The ability to provide instant, reliable payments differentiates Cargill from competitors, reinforcing its leadership in agricultural trade
The results
The integration of Pix into Cargill’s payment infrastructure will redefine financial efficiency for the company:
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Up to 30 minutes removed from the complete transaction cycle (previous wire processing times could take over half an hour, whereas Pix completes the full file lifecycle in five minutes, with transactions settling in seconds)9
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Expanded payment accessibility for producers as Pix has become the preferred method of payment among individuals, including small farmers, due to its ease of use in identifying receipts and improving transaction transparency9
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Improved treasury agility, enabling Cargill to navigate market volatility with greater financial resilience10
Cargill’s successful adoption of Pix through J.P. Morgan Payments underscores the importance of real-time payments in ensuring liquidity, optimizing working capital and sustaining long-term financial health. By eliminating payment friction and reinforcing producer confidence, the implementation of Pix has strengthened Cargill’s position in Brazil’s competitive agricultural sector. As the financial landscape continues to evolve, future-proof and efficient treasury solutions will be critical to navigating market complexities and sustaining growth.
To learn more about how J.P. Morgan payments and cash management solutions in Brazil can support your organization’s financial strategy, visit here.
References
"Cargill Incorporated," World Economic Forum, accessed June 20, 2025, https://www.weforum.org/organizations/cargill-incorporated/
"Worldwide," Cargill, accessed June 20, 2025, https://www.cargill.com/page/worldwide
"Cargill History Timeline," Cargill, accessed June 20, 2025, https://www.cargill.com/about/cargill-history-timeline
Sundeep Singh, Global Bank Connectivity Lead at Cargill, interview by J.P. Morgan Payments, March 11, 2025
"Cargill Incorporated," World Economic Forum, accessed June 20, 2025, https://www.weforum.org/organizations/cargill-incorporated/
Sundeep Singh, Global Bank Connectivity Lead at Cargill, interview by J.P. Morgan Payments, March 11, 2025
"Nota," Banco Central do Brasil, accessed June 20, 2025, https://www.bcb.gov.br/detalhenoticia/20443/nota
Sundeep Singh, Global Bank Connectivity Lead at Cargill, interview by J.P. Morgan Payments, March 11, 2025
"Nota," Banco Central do Brasil, accessed June 20, 2025, https://www.bcb.gov.br/detalhenoticia/20443/nota
Sundeep Singh, Global Bank Connectivity Lead at Cargill, interview by J.P. Morgan Payments, March 11, 2025
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