A two-day workshop for individuals wanting to strengthen their understanding of agricultural markets is scheduled for Feb. 22-23 at the Illini Center in Chicago. The workshop, sponsored by the Office for Futures and Options Research at the University of Illinois, covers a wealth of information to provide an intermediate to advanced level understanding of world agricultural markets.
University of Illinois Agricultural Economist Eugene Kunda and agricultural consultant Sue Goll collaborate in teaching the workshop.
“After a review of hedging, basis and spreads, the workshop dives into hedge scenarios, the practice and benefits of rolling hedges, calculating cost of carry and covering carry charges in futures,” says Kunda. “Delivery is explained with examples of calculating futures markets delivery to the cash market. A review of options is provided before moving into practical but more advanced options strategies.
“The program wraps up with a trading game that assigns groups with the task of purchasing decisions for a feed-manufacturing facility based on market information that is updated monthly. It is recommended that participants have a solid understanding of futures, spreads and options. Fundamentals of the current world market drivers and situation conclude the session,” Kunda says.
The workshop is scheduled from 9:00 a.m. to 4:30 p.m. each day. Cost is $650 and includes lunch and workshop materials.
To register, visit: http://www.ace.illinois.edu/ACERegistrations/index.aspx?id=6.