Patents by Inventor Jeffrey Seeley

Jeffrey Seeley has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 6988083
    Abstract: A method for transacting exchanges of agricultural products involves observing the price of an agricultural product at observation points over a period of time. In one embodiment, a maximum price is specified. For each of the observation points, the maximum price is selected when the observed price is greater than the maximum price, and the observed price is selected when the observed price is less than the maximum price. A price is calculated for a quantity of the agricultural product based on the average of the selected prices and a premium. Individual contracts can be aggregated to reach more acceptable trading quantities and intervals, enabling participation of a derivative hedging products service provider and intermediate parties such as elevators and elevator services companies. Aggregation can be carried out manually or automatically, and configured to support anonymity of various parties in the transaction chain.
    Type: Grant
    Filed: May 22, 2001
    Date of Patent: January 17, 2006
    Assignee: Cargill, Inc.
    Inventors: David Dines, Mark Tracy, Joseph Stone, Dennis Inman, Jeffrey Seeley
  • Patent number: 6950806
    Abstract: A method for transacting transfers of commodities involves observing the price of a commodity at several observation points over a period of time. In one embodiment, a maximum price is specified. For each observation point, the maximum price is selected in the event the observed price is greater than the maximum price, or the observed price is selected in the event the observed price is less than the maximum price. The price for a quantity of the commodity then is calculated based on the average of the selected prices and a premium. Individual contracts can be aggregated to reach more acceptable trading quantities and intervals, enabling participation of a derivative hedging products service provider and intermediate parties such as resellers and reseller services companies. Aggregation can be carried out manually or automatically, and configured to support anonymity of various parties in the transaction chain.
    Type: Grant
    Filed: May 22, 2001
    Date of Patent: September 27, 2005
    Assignee: Cargill, Inc.
    Inventors: David Dines, Mark Tracy, Joseph Stone, Dennis Inman, Jeffrey Seeley
  • Publication number: 20020052826
    Abstract: A method for transacting exchanges of agricultural products, such as crop output, livestock, and animal produce, includes setting a first price for a first quantity of agricultural product based on an average price observed during a period of time and either a premium or discount to the average price. A second price is set for a second quantity of an agricultural product based on a price determined at a future date. The second price does not exceed a maximum price in the event a premium applies to the first quantity, or a minimum price in the event a discount applies to the first quantity. The first quantity and the second quantity are delivered from a seller to a buyer, and the seller is paid a sum based on the first price, the premium or discount, as applicable, and the second price.
    Type: Application
    Filed: May 22, 2001
    Publication date: May 2, 2002
    Inventors: David Dines, Mark Tracy, Joseph Stone, Dennis Inman, Jeffrey Seeley
  • Publication number: 20020052795
    Abstract: A method for transacting exchanges of agricultural products involves observing the price of an agricultural product at observation points over a period of time. In one embodiment, a maximum price is specified. For each of the observation points, the maximum price is selected when the observed price is greater than the maximum price, and the observed price is selected when the observed price is less than the maximum price. A price is calculated for a quantity of the agricultural product based on the average of the selected prices and a premium. Individual contracts can be aggregated to reach more acceptable trading quantities and intervals, enabling participation of a derivative hedging products service provider and intermediate parties such as elevators and elevator services companies. Aggregation can be carried out manually or automatically, and configured to support anonymity of various parties in the transaction chain.
    Type: Application
    Filed: May 22, 2001
    Publication date: May 2, 2002
    Inventors: David Dines, Mark Tracy, Joseph Stone, Dennis Inman, Jeffrey Seeley
  • Publication number: 20020052793
    Abstract: A method for transacting transfers of commodities involves observing the price of a commodity at several observation points over a period of time. In one embodiment, a maximum price is specified. For each observation point, the maximum price is selected in the event the observed price is greater than the maximum price, or the observed price is selected in the event the observed price is less than the maximum price. The price for a quantity of the commodity then is calculated based on the average of the selected prices and a premium. Individual contracts can be aggregated to reach more acceptable trading quantities and intervals, enabling participation of a derivative hedging products service provider and intermediate parties such as resellers and reseller services companies. Aggregation can be carried out manually or automatically, and configured to support anonymity of various parties in the transaction chain.
    Type: Application
    Filed: May 22, 2001
    Publication date: May 2, 2002
    Inventors: David Dines, Mark Tracy, Joseph Stone, Dennis Inman, Jeffrey Seeley
  • Publication number: 20020052817
    Abstract: A method for transacting transfers of commodities includes setting a first price for a first quantity of a commodity based on an average price observed during a period of time and either a premium or discount to the average price. A second price is set for a second quantity of a commodity based on a price determined at a future date. The second price does not exceed a maximum price in the event a premium applies to the first quantity, or a minimum price in the event a discount applies to the first quantity. The first quantity and the second quantity are delivered from a seller to a buyer, and the seller is paid a sum based on the first price, the premium or discount, as applicable, and the second price.
    Type: Application
    Filed: May 22, 2001
    Publication date: May 2, 2002
    Inventors: David Dines, Mark Tracy, Joseph Stone, Dennis Inman, Jeffrey Seeley