The CBOT will host a full two-day Ag markets workshop on June 4th and 5th, 2007 with noted Ag consultant and speaker Sue Goll. The workshop will cover in detail a number of topics including the world Ag marketplace, grain flow, transportation, regulation, hedging, basis trading, spreads, market reports, and options.
Commercial market participants, grain merchandisers, hedgers, Ag futures traders, futures companies’ employees, and transportation participants will find this workshop to be a valuable experience. The detailed content to be discussed coupled with Ms. Goll’s expertise makes this a great opportunity for anyone involved in the Ag marketplace.
About the InstructorSue Goll is an agricultural consultant with over 20 years of experience as a cash grain merchandiser and futures industry participant. She worked at A.E. Staley for over six years as a grain merchandiser, trading soybeans, soymeal and corn out of the Des Moines, Iowa soybean processing plant, and the Lafayette, Indiana wet milling corn plant. As Grain Division Manager in Lafayette, Indiana, Ms. Goll oversaw grain merchandising, basis trading, truck and rail logistics, contracting with specialty corn growers and originated corn for two wet milling plants. She also managed offsetting hedge and spread strategies for the Lafayette futures position.
Ms. Goll also worked for the CBOT for six years where she traveled worldwide teaching the use of agricultural futures and options markets. She traveled extensively to South East Asia, as well as Europe, working with producers and commercial businesses as they learned to apply futures and options markets to their cash market activities. Additionally, Ms. Goll specialized in the writings of educational materials and authored booklets for the commercial hedger, her primary focus being the practical use and application of futures and options markets.
Ms. Goll is currently a self-employed consultant. In this capacity, she works with domestic and foreign businesses teaching cash/physical market fundamentals, the practical use of futures and options, and writing technical materials for publication. She has clients in multiple countries including South East Asia, Asia, South Africa, Europe, South America, and the United States. Over her career, Ms. Goll has been a member of various Grain and Feed organizations and the National Grain and Feed Association. Ms. Goll is a graduate in Agricultural Economics from The Ohio State University. She graduated with honors, was a member of Towers Honorary and Sigma Alfa professional agricultural sorority.
Agenda for CBOT Ag Workshop
June 4th and 5th, 2007
9:00am-4:30pm
9:00 World Marketplace Overview
Major producing areas, players (importers/exporters), policy changes & effects on trade
10:00 Production Agriculture
Growing stages of corn, soybeans, and wheat
Key growing concerns and effects on market prices
10:30 Break
10:45 Processing
Corn, soybeans, and wheat
Uses of products
Competing products
11:15 Grain Flow/Transportation
Flow of grain from producer to end user
Major modes of transportation
Evolution of railroads
Elements of transportation that affect the market
12:00 Lunch
12:45 CBOTVisitors Center
Observe trading and the close of the Ag futures and option markets
1:30 Questions & Answers regarding the trading floor
2:00 History & Development of Agricultural Futures
What are futures?
Economic function
Key terms.
2:30 Break
2:45 History & Development of Agricultural Futures (continued)
3:45 Regulation & the Clearing System of futures markets
No debt system
Checks & balances
Margin
Delivery process
Economic purpose
4:30 Adjourn
June 5th9:00 Hedging Fundamentals & Basis Trading
basis fundamentals
negotiating tools
practical hedge applications
10:30 Break
10:45 Spreads
How they work
The significance to hedgers, spread applications
Calculating the Cost of Carry
12:00 Lunch
1:00 Contracts
Elevator to farmer contracts, pros, cons, how to build them
Merchandiser to Merchandiser contracts
Exchange for Physicals/Versus Cash
1:45 Major Market Reports
Effects on the market
USDA Supply & Demand Reports
Basic points of fundamental analysis
2:45 Break
3:00 Introduction to Options & basic hedge strategies
4:30 Adjourn
Registration:
The cost for the full two days is $650 and includes lunch, refreshments, and the opportunity to observe from the CBOT Visitors Center trading in the Exchange’s Ag futures and options markets. In addition, discounts are available to attendees of both this workshop and the one day Ag options workshop which will be held on June 6th, 2007. Cost for the Ag options workshop is $325. Total cost to attend both workshops is $875.
To register for this course online click here.
For questions, email educationandtraining@cbot.com or call 312-435-3478. Seating is limited. Registrations will be taken on a strict first come, first serve basis.
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