Support & Training
Course Detail
Overview of the Agricultural and Soft Commodity Markets: VIRTUAL DELIVERY
This virtual course held over four sessions is designed to provide an introduction to the agricultural and soft commodity markets: Grains, Wheat, Sugar, Cotton, Coffee, Cocoa and FCOJ. It will cover the driving forces behind the current markets and identifies the key factors to consider for future market developments. In addition it will also explore the main tools that can be used for trading these markets from both a risk management and speculative perspective.
The course is split into twelve teaching units over the four days.
This virtual course is one of the ICE Education LIVE programs. We provide three phases to the course:
1. Pre-course: Access to the ICE Education learning platform for on-demand primer content.
2. Live Virtual Sessions: Trainer led live video sessions (as per the outline below). These are short focused sessions with practical activity and interaction throughout.
3. Post-course: On-demand content remains available and an optional live video clinic session is scheduled for one week post course for any learning points you'd like to revisit.
Start Times Days 1 - 4: 09.00 London - 12.00 Dubai - 16.00 Singapore
End Times Days 1 - 4: 12.00 London - 15.00 Dubai - 19.00 Singapore
All course payments must be received one day prior to the start date
The detail of each day's content is provided below.
Course Information
| Price | £1850.0 + VAT | ||
|---|---|---|---|
| Duration | 4 days | ||
| Location | Virtual: EMEA/Asian Time Zone | ||
| Available Dates |
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Who Should Attend
- Personnel from the commodity market, trading companies and other individuals who wish to gain an understanding of commodity options and their uses
- Risk management and financial departments of commodity producer and commodity trading companies
- Commodity supply and distribution companies
- Major commodity consuming businesses
- Trading companies, banks, brokers, government, regulators and associated organisations
Booking Information
Course Content
Day One
09:00-10:00 Introduction
- Agricultural Markets in Perspective
o Staple v Luxury
o Agriculture Trading Patterns and Players
o Agriculture's Place in World Markets
10:15-11:00 Grains and Oils
-Grains and Oils - Corn, Wheat, Rice, Soybean
o Fundamentals - Crop to Table
o Crop Calendars
o Natural Threats
o World Production, Trade and Consumption
11:15-12:00 Managing Agriculture
-Essential Processes
o Milling
o Waste processing and bi-products
o Co-generation
-Enhancement Techniques
o Crop Rotation
o Genetic Modification
Day Two
09:00-10:00 Biofuels
-Agriculture for Energy
o Gasoline and Diesel
o Processes
o Limitations
* EXERCISE - Crop Selection
10:15-11:00 Softs
-Cocoa, Coffee, Sugar
o Fundamentals -Crop to Table
o Crop Calendars
o Natural Threats
o World Production, Trade and Consumption
11:15-12:00 Evolution of Markets
-Trading Physical Commodities
o Specific v Generic Trading
o Operations
-Characteristics of different markets
o What makes a "good" market
-How markets work and behave
o Arbitrage
-Market Drivers
o Fundamental, Geopolitical, Technicals
Day Three
09:00-09:45 Other Agricultural Commodities
-Cotton. OJ, Palm Oil
o Fundamentals Crop to consumer
o Crop Calendars
o World Production, Trade and Consumption
10:15-11:00 Trading Markets
-Exchanges and Contracts
o Calendar structure
o Relationship to physical
o Liquidity
-Related Markets
o Freight
o Weather
11:15-12:00 Markets Review
-Price Histories
o Key Events
o Forward curve structure
-Related Markets
o Interaction with Energy Markets
-Focus on COVID and Ukraine
Day Four
09:00-11.00 Trading & Risk Management
-Characterising and Quantifying Risk
o Long and Short
o Basis vs Outright risk
o Physical v Financial Exposure
-Trading Instruments
o Futures
o Swaps
o Options
-Modelling Financial Risk
o VaR
o Options
o Credit Risk
-Hedging physical positions with different instruments
o Exposure diagrams
* EXERCISE - Exposure Diagrams or Options
11:15-12:00 Future of Agriculture
-Population Growth
-Key Challenges
o Water
o Climate Change
o Competition for land
-Weather Modification
-Net-Zero 2050