Grain Procurement Management for Importers is designed for individuals who are responsible for purchasing grain. The eight-day course will focus on the mechanics of grain merchandising. Participants will receive a flash drive containing course materials for future reference.
One of the first steps in purchasing grain from the United States is to thoroughly understand the U.S. grain marketing system. By doing so, an importer can review the risks associated with various quality and price options. This course provides information that assists buyers in purchasing U.S. grain that meets quality requirements at the best value.
■ Lectures by both academic and commodity trade authorities on cash and futures markets, led by William Wilson, Ph.D., an expert in commodity futures trading and consultant to the international grain and food processing industries.
■ Information from grain merchandisers who will guide you through the full complexity of the international grain markets.
■ Opportunity to share day-to-day experiences with colleagues from other countries and U.S. grain merchants.
■ Seminars by grain merchandisers at the Minneapolis Grain Exchange
■ Case studies and trading games to demonstrate purchasing strategies.
■ On-site visits to a country elevator, Duluth Seaway Port Authority, an export grain terminal, a barge facility, and Minneapolis Grain Exchange.
■ NDSU Commodity Trading Room: Portions of the class will be held in the Commodity Trading Room, a part of the Agribusiness and Applied Economics Department at North Dakota State University (NDSU). The high-technology room has 32 seats, each with a PC station and dual monitors. The stations receive live information feeds for financial information including equities and credit, plus commodity market information such as agriculture, energy and biofuels. Students have electronic access to information through Bloomberg, DTN, and X-Trader simulation software from Trading Technologies, a state of the art tool for executing electronic trades.
|• U.S. Grain Handling and Transportation System|
|• Cash and Futures Markets: Role and Function||Market channels for grains
Rules and regulations
|• Basis: Concepts, Relations and Behavior||Components
Sources of price risk
|• U.S. Grain Grading Standards|
|• Grain Hedging Principles|
|• Commercial Export Trading Practices||Logistics
|• World and U.S. Grain Market Outlook|
|• Grain Contracts and Their Specifications||Quality specifications
International contracts and arbitration
|• Price Risk Management by Importers||Merchandising
|• Options Use by Importers||Options markets
|• Importer Procurement||Procurement strategies
Selection of the number of suppliers
■ International grain buyers associated with private trading companies, milling, feed manufacturing and food processing.
■ Anyone with interest in importing grain from the United States.
IMPORTANT NOTE: Enroll early. All courses are contingent upon sufficient enrollment numbers. Do not make travel reservations until NCI confirms that course will be offered.
Registration Fee:$1,400. Payment in full is due one week before the start of the course. Registration deadline is August 26, 2013. For your course fee, you will also receive a CD-ROM containing materials from lectures and laboratory demonstrations, refreshments during scheduled breaks, and one recognition dinner. Hotel accommodations and other meals are not included in the fee. Attention: Please book return flights departing from Minneapolis, Minnesota.
To pay by credit card or with an electronic check, click here.
To pay by check or wire transfer, fill out the form and mail with your check to Northern Crops Institute (address below). Checks must be payable to Northern Crops Institute and drawn on a U.S. bank. Contact NCI for wire transfer instructions.
Groups of three or more: Special rates are available to groups of 3 or more from the same company. Contact NCI for more information.
Course Schedule: On the first day of class, course participants should be in the hotel lobby by 8:30 a.m. for transportation to the campus. Class will begin at 9:00 a.m. on Monday, September 16, 2013 and adjourn around 3:00 p.m. on Wednesday, September 25, 2013.
Non-smoking environment. Casual business attire.
Daily Transportation: Daily complimentary transportation will be provided between NCI and the hotel.
Hotel Information: Participants start this short course in Fargo, and then travel for site visits in Duluth and Minneapolis, Minnesota. NCI has reserved a block of rooms in all three cities. NCI staff will assist you with your hotel reservations.
Fargo, North Dakota
Single Room Rate: $ 93.00 + 10.5 % tax/night
Single Room Rate: $109.00 + 13.4 % tax/night
Country Inn and Suites Mall of America
Single Room Rate: $119.00 +14.28% tax/night
All hotel rooms are non-smoking.
Information and Special Requirements: If you have questions or special needs (dietary or physical requirements), please contact Northern Crops Institute.
Northern Crops Institute
NDSU Dept. 7400
PO Box 6050
Fargo, ND 58108-6050 USA.
Phone: 701-231-7736 Fax: 701-231-7235.
E-mail: firstname.lastname@example.org Internet: www.northern-crops.com
About Northern Crops Institute
Northern Crops Institute is the international center for meeting and learning about crops produced in the four-state region of North Dakota, South Dakota, Minnesota and Montana. Situated on the campus of North Dakota State University, NCI exists as a forum to bring together customers, commodity traders, technical experts, processors and producers from all points of the globe for discussion, education, and technical service programs. Since 1983, the Institute has hosted visitors from more than 130 countries.
NDSU is an Equal Opportunity Institution. This publication will be made available in alternative formats upon request (701-231-7736).