Event Calendar

Wednesday, June 13, 2018

Risk Academy

Start Date: 6/13/2018 8:00 AM CDT
End Date: 6/14/2018 4:00 PM CDT

Venue Name: Country Inn & Suites by Radisson, North Hotel and Conference Center

Location:
5353 N 27th St
Lincoln, NE  United States  68521

Organization Name: Nebraska Grain and Feed Association

Contact:
Maggie Kramer
Email: maggie.kramer@negfa.org
Phone: 402.476.6174

Sponsor: INTL FCStone

As a grain merchandiser and originator, you face many challenges in the complex and volatile global grain market. Nebraska Grain and Feed Association has partnered with INTL FCStone to bring you a world-class training opportunity in risk management. Whether you are new to grain merchandising or your experienced veteran, it doesn’t hurt to get an overview of the options markets or seek a higher level understanding on OTC markets and structures. This event is structured so you can attend one or two days depending on your current knowledge or what you want to gain a better understanding of.
 

AGENDA

Day 1

8:00 a.m.    Registration & Continental Breakfast

8:30        Opening Remarks

Kristi Block – Nebraska Grain & Feed Association

Kevin Gonnerman – INTL FCStone

 

8:45        Importance of Price Risk Management – Richard Jelinek  

 

9:30        Futures Foundation Part 1 – Richard Jelinek

History, Development & Economics of Futures

Markets, Products & Participants

10:30        Networking Break

10:45        Futures Foundation Part 2 – Richard Jelinek

Terminology, Concepts & Mechanics

Financial Integrity – Margin Process

 

12:00 p.m.    Lunch with Nebraska Grain & Feed Presentation (video or ppt)

 

1:00        Basis & Hedging Foundation – Richard Jelinek

Concepts & Mechanics

Buy & Sell-side Hedges

 

2:00        Practical Discussion of Basis, Spreads & Cost of Carry – Kevin Gonnerman & Team

Basis – The Cash Futures Relationship

Defined

Importance of Basis in Risk Management & Grain Merchandising

Spreads & Cost of Carry

Defined

Importance of Spreads in Grain Merchandising

 

3:00        Break

3:15        INTERACTIVE Merchandising Workshop – Kevin Gonnerman & Team

Calculations and Charting of Basis & Spreads

Risk Management & Merchandising Applications of Spreads, Basis & Hedging

Mechanics of Originating Grain

Rolling Positions

 

4:15        Creating Cash Market Positions – Mike O’Dea & Cortney Alexander

 

5:15        Adjourn for Evening Activity & Dinner - TBD

 

Day 2

7:30 a.m.    Continental Breakfast

8:00        Introduction to Commodity Options – Richard Jelinek

Terminology, Mechanics & Concepts

Option Pricing

Delta – Measure of Price Risk Exposure

Non-Standard  Options

 

9:30        Networking Break

9:45        Option Strategies - Richard Jelinek

Love to Lose Producer Strategy

Sell-side Strategies

Offering Producer Cash Contracts with Optionality

 

10:45        Introduction to OTC Markets – Richard Jelinek

Benefits

Terminology

Plain Vanilla Swaps

 

11:45         Current & Commonly Used OTC Structures – Kevin Gonnerman & Team

 

12:30 p.m.    Lunch with INTL FCStone Video

 

1:30         Grain Merchandiser Challenge & Summary – Richard Jelinek

2:15        Next Steps – Kevin Gonnerman & Team

 

2:30        Closing Remarks – Kristi Block

2:45        Adjourn


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