Back to All Events

Soybean Procurement Management for Importers Course


Soybean Procurement Management for Importers Course
October 7-11, 2019
Northern Crops Institute
Fargo, North Dakota, USA | Minneapolis, MN, USA | Pacific Northwest, USA

EARLY REGISTRATION DEADLINE: Friday, July 19th, 2019
FINAL REGISTRATION DEADLINE: Friday, September 6th, 2019

Soybean Procurement Photo 4.jpg

Course Overview:

This course focuses on the mechanics of merchandising, and is designed to educate individuals who are responsible for purchasing soybeans. Academic and commodity trade authorities lecture on cash and futures markets, and grain merchandisers guide you through the full complexity of the international grain markets. The course provides an overview of the U.S. grain handling and marketing system and the risk management tools available to assists buyers in purchasing U.S. soybeans that meet their quality needs at the best value. This course is led by William Wilson, Ph.D., Distinguished Professor, AES Agribusiness and Applied Economics and an expert in commodity futures trading and consultant to the international grain and food processing industries.

Daily lectures and exercises will be held both at NCI and in the NDSU Commodity Trading Room, a world-class training facility of the Agribusiness and Applied Economics Department at North Dakota State University (NDSU). The high-tech room has 32 seats, each with a computer that receives live information feeds for financial information including equities and credit, plus commodity market information such as agriculture, energy and biofuels.

The course is set up to break in to three separate groups: bulk soybean merchandising, container soybean merchandising, and food grade soybean merchandising. The different groups will travel to different locations based on their specialties: bulk track to the Pacific Northwest, container track to Minneapolis/St. Paul, and the food grade track to remain in Fargo for more specialized training. Please register for the track you would like to follow for the duration of the course.

Objectives:

  • Learn from experts from both academic and commodity industry professionals on cash and futures markets.

  • Meet with grain merchandisers and hear of their experiences in dealing with the complexity of the international grain markets.

  • Share day-to-day experiences with colleagues from other countries and U.S. grain merchants.

  • Experience the U.S. grain handling system through tours of a farm, a country elevator, and export grain terminal. *Tours will vary depending on track selected*

  • Participate in trading exercises in the world-class, NDSU Commodity Trading Room

Who Should Attend:

International soybean buyers associated with private trading companies, milling, feed manufacturing and food processing. Anyone with interest in importing soybeans from the United States.

TO REGISTER:

Registration fee is $1,300 if received by July 19th. After July 19th, registration will increase to $1,500.

EARLY REGISTRATION DEADLINE is Friday, July 19th, 2019
FINAL REGISTRATION DEADLINE is Friday, September 6th, 2019

For your course fee, you will also receive materials from lectures and laboratory demonstrations. Refreshments during scheduled breaks and lunches are included, along with an evening dinner banquet (more banquets may be included depending on the track chosen). Hotel rooms and other meals ARE NOT included.

IMPORTANT NOTE: Enroll early. This course is limited to a maximum of 40 participants. All courses are contingent upon sufficient enrollment numbers. Do not make travel reservations until NCI confirms that the course will be offered. If NCI is forced to cancel this course due to insufficient number of participants, dangerous weather or other circumstances, we will immediately notify all registrants and provide a full refund within 10 business days.

DAILY TRANSPORTATION:

During the course all daily transportation to course events will be provided. Please note that transportation to and from the airport are not provided by NCI, but are available through the hotels if needed.

TRACK #1 - BULK COMMODITY SOYBEANS
Fargo, ND | Pacific Northwest

The course provides an overview of the U.S. grain handling and marketing system and the risk management tools available to assists buyers in purchasing U.S. soybeans that meet their quality needs at the best value. In addition to the risk management portion of the course, our bulk soybeans track will travel to the Pacific Northwest to tour several export terminals and learn more about grain handling in bulk shipments in the U.S.

Specialized Topics:

  • Options on Commodity Soybeans

  • The Importance of Soybean Quality in Feeds

  • Tour PNW Export Terminals

HOTEL INFORMATION:

Northern Crops Institute has reserved a block of rooms at the Delta Hotels by Marriott Fargo. Make your reservation via the link below, or call the hotel directly. The room block closes on Friday, September 6th, 2019. Please note that hotel rooms ARE NOT included in the course registration fee.

Delta Hotels by Marriott Fargo
1635 42nd St SW, Fargo, ND 58103
Phone: (701) 277-9000
Single Room Rate: $84.60 + tax/night

Book below for check-in October 6th, 2019 and check-out October 10th, 2019.

Arrangements in Portland, OR will be made for you by NCI staff.

To pay by credit card or with an electronic check for the course, register below:

To pay by check, fill out this form. Mail the form with your check to Northern Crops Institute (address below). Checks must be payable to Northern Crops Institute and drawn on a United States bank.

TRACK #2 - SOYBEANS IN CONTAINER
Fargo, ND | Minneapolis, MN

The course provides an overview of the U.S. grain handling and marketing system and the risk management tools available to assists buyers in purchasing U.S. soybeans that meet their quality needs at the best value. In addition to the risk management portion of the course, our container soybeans track will have networking opportunities with container trading companies, and an overview of how containers are loaded, transported, and shipped out of the U.S.

Specialized Topics:

  • Options on Commodity Soybeans

  • The Importance of Soybean Quality in Feeds

  • Meet with container traders in Minneapolis/St. Paul

HOTEL INFORMATION:

Northern Crops Institute has reserved a block of rooms at the Delta Hotels by Marriott Fargo and Country Inn & Suites by Radisson Bloomington. Make your reservation via the link below, or call the hotel directly. The room block closes on Friday, September 6th, 2019. Please note that hotel rooms ARE NOT included in the course registration fee.

Delta Hotels by Marriott Fargo
1635 42nd St SW, Fargo, ND 58103
Phone: (701) 277-9000
Single Room Rate: $84.60 + tax/night

Book below for check-in October 6th, 2019 and check-out October 10th, 2019.

Country Inn & Suites by Radisson, Bloomington at Mall of America
2221 Killebrew Dr., Bloomington, MN 55425
Phone: (952) 854-5555
Single Room Rate: $+ tax/night

Book below for check-in October 10th, 2019 and check-out October 12th, 2019.

To pay by credit card or with an electronic check for the course, register below:

To pay by check, fill out this form. Mail the form with your check to Northern Crops Institute (address below). Checks must be payable to Northern Crops Institute and drawn on a United States bank.

TRACK #3 - FOOD GRADE SOYBEAN PROCUREMENT
Fargo, ND

The course provides an overview of the U.S. grain handling and marketing system and the risk management tools available to assists buyers in purchasing U.S. soybeans that meet their quality needs at the best value. In addition to the risk management portion of the course, our food grade track will feature a visit to a supplier of food grade soybeans, networking opportunities with suppliers, and panels discussing topics sellers and buyers of food grade beans should be aware of.

Specialized Topics:

  • Soymilk and Tofu Demonstrations & Sensory Evaluations

  • Tour of food grade soybean supplier

  • Meet with food grade soybean suppliers

  • American Grocery Store Tours

  • Food Grade Soybean Supplier Panels: Growing and Handling of Specialty Soybeans, Building relationships between Sellers and Buyers

  • Reciprocal Presentations: Both supplier and buyers will present briefly about their businesses and uses for food grade soybeans

HOTEL INFORMATION:

Northern Crops Institute has reserved a block of rooms at the Delta Hotels by Marriott Fargo. Make your reservation via the link below, or call the hotel directly. The room block closes on Friday, September 6th, 2019. Please note that hotel rooms ARE NOT included in the course registration fee.

Delta Hotels by Marriott Fargo
1635 42nd St SW, Fargo, ND 58103
Phone: (701) 277-9000
Single Room Rate: $84.60 + tax/night

Book below for check-in October 6th, 2019 and check-out October 12th, 2019.

To pay by credit card or with an electronic check for the course, register below:

To pay by check, fill out this form. Mail the form with your check to Northern Crops Institute (address below). Checks must be payable to Northern Crops Institute and drawn on a United States bank.

NOTE: You should have separate confirmations of booking for each hotel arrangement you make when you arrive at the course.

INFORMATION AND SPECIAL REQUIREMENTS:

The course is offered in a non-smoking environment. You are welcome to wear casual business attire. If you have questions or special needs (dietary or physical requirements), please contact:

Northern Crops Institute
NDSU Dept. 7400
P.O. Box 6050
Fargo, ND 58108-6050 USA
Phone: 701-231-7736
Fax: 701-231-7235
Email: nci@ndsu.edu
Website: www.northern-crops.com

ABOUT NORTHERN CROPS INSTITUTE

Northern Crops Institute is an 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, Northern Crops Institute 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 135 countries.

North Dakota State University is an Equal Opportunity Institution. This publication will be made available in alternative formats upon request (701-231-7736).