ANKENY, Iowa — With volatile grain markets ahead, a series of monthly grain marketing educational meetings for women are being coordinated by Iowa State University Extension and Outreach and Iowa Farm Bureau Federation. The five Women Marketing Grain meetings will be held at the Ankeny DMACC campus.
The first meeting is scheduled for Monday, Nov. 12, from 6 to 9 p.m. at the FFA Enrichment Center, 1055 SW Prairie Trail Parkway, DMACC. The registration fee is $30 per individual for the series and can be paid at that first meeting. Pre-register prior to Nov. 9 by calling the Polk County Extension Office at (515) 957-5760. This will help with the coordination of training material, drinks and snacks.
Women Marketing Grain participants will be take part in the Iowa Commodity Challenge, an online market simulation game. Registration for the Challenge takes place at the first meeting and trading continues until next July. This activity gives participants first-hand knowledge about the use of futures and options contracts as risk management tools.
Participants will have virtual bushels to trade (75,000 bushels of corn and 25,000 bushels of soybeans) and can use cash sales, cash forward contracts, futures or options contracts using March corn and March soybean futures contracts.
Monthly meetings will include various crop marketing discussions led by Steve Johnson, farm management specialist with ISU Extension and Outreach; Ed Kordick, commodity services manager with Iowa Farm Bureau Federation; Ellen Batchhelder, Cargill Grain Merchandising; and Elwynn Taylor, extension climatologist at Iowa State.