Iowa Commodity Challenge launches in Webster County
FORT DODGE – The Webster County Extension office will be hosting a new Ag Marketing Club this fall and winter at 217 South 25th St., Suite C12 in Fort Dodge.
The first meeting is scheduled for 1 p.m., on Nov. 21 at the Extension office.
Registration prior to the club meeting begins at 12:30 pm.
A fee of $10 per person or $15 per couple will be collected at the door.
The program is titled “Storing Unpriced Grain: Strategies and Tools.”
Presenters are Steve Johnson, ISU Extension farm management specialist; and Ed Kordick, commodity services manager with the Iowa Farm Bureau Federation.
Participants will be instructed that afternoon in how to enroll in the Iowa Commodity Challenge, an online market simulation game.
The game allows participants to trade 75,000 bushels of corn and 25,000 bushels of soybeans stored at a local elevator using marketing tools such as cash, forward contract, futures or options.
The online game ends in early March when participants will need to have sold their stored bushels and settle any of their futures or options positions.
Follow-up meetings are planned in Fort Dodge on Feb. 13 and March 13.
For additional information, contact the Webster County Extension office at (515) 576-2119.
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