NCI to Host Grain Buyers from 15 Countries for Grain Procurement for Exporters Course

The Northern Crops Institute (NCI) will host grain buyers from 15 countries on Monday, September 11 through Wednesday, September 20, 2017. During the course, approximately 33 participants will hear various speakers and learn how companies can make more effective grain purchases while decreasing their financial risks.
Course participants will have an opportunity to learn about U.S. grain export handling and logistics, basic hedging principles along with other risk management tools as well as hands-on trading exercises. Other activities include lectures by academic and commodity trade authorities on cash and futures markets, sessions in NDSU’s electronic trading classroom, and time with grain merchandisers who will explain the complexities of international grain markets. The highlights of the course are the on-site tours of a North Dakota farm, Hunter Grain Company, Hunter, N.D.; Duluth/Superior Port Facilities; CHS Export Grain Terminal, Superior, Wisc.; Minneapolis Grain Exchange; and the CHS Barge Facility in Savage, Minn.
The purpose of this course is to provide international individuals who are responsible for purchasing grain to help them focus on the mechanics of grain merchandising in the United States. A few of the highlights include:
  • Lectures by both academic and commodity trade authorities on cash and futures markets.
  • Information from grain merchandisers who guide participants through the full complexity of the international grain markets.
  • Case studies and trading games to demonstrate purchasing strategies