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," said 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."
Kunda serves as Visiting Assistant Director and Research Associate with the Office for Futures and Options Research in the Department of Agricultural and Consumer Economics at the U of I. Prior to joining the U of I, he worked at John Deere Agri Services in agribusiness marketing development. He also served as Senior Economist in Business Development at the Chicago Board of Trade for 14 years.
Goll has more than 20 years experience as a cash grain merchandiser and futures industry professional. As a grain merchandiser, she worked for A.E. Staley trading soybeans, soymeal, and corn out of the Des Moines, Iowa soybean processing plant, and the Lafayette, Indiana wet milling corn plant. Goll also worked for the Chicago Board of Trade where she traveled worldwide teaching the use of agricultural futures and options markets. Currently, she works with domestic and foreign business clients, teaching cash market fundamentals and the practical use of futures and options.
"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 said.
The workshop is scheduled from 9:00 a.m. to 4:30 p.m. each day. Cost for the workshop is $650, and includes lunch and workshop materials.
For more information and to register for the workshop, visit: www.ace.illinois.edu/ofor/workshops/advanced.htm or contact Eugene Kunda at 217-333-1427 or via email at email@example.com.