On Aug. 24, the CME will launch a grain sorghum basis futures contract. The purpose of this contract is to provide an instrument that can hedge the price difference between sorghum and corn. Dan O’Brien and Guy Allen at Kansas State University have conducted research to assess ‘why’ this new contract is needed and the implications of this new contract for the Kansas country elevator system.
Employees of the Kansas country elevator system interested in this topic are invited to attend this discussion along with ample time for questions and answers. Lunch will be provided. There is no fee, but registration is required for lunch.
Date/Time
11 a.m. to 1 p.m. on Tuesday, Aug. 11
Location
Great Bend Events Center, 3111 10th St., Great Bend
Target Audience
Employees of the Kansas country elevator system that could trade the new CME grain sorghum basis futures contract. Producers interested in this topic are also invited to attend.
Agenda
10:30 a.m. to 11 a.m. - Registration
11 a.m. to 11:05 a.m. - Welcome, Dr. Brian Briggeman (Professor and ACCC Director)
11:05 a.m. to 12:15 p.m. - Country Elevator Applications of CME Grain Sorghum Basis Futures Contract
Daniel O’Brien (Professor) and Guy Allen (Senior Economist, IGP)
12:15 p.m. to 1 p.m. – Lunch
To register for this meeting, go to agmanager.info/events
If you have any questions, you can contact Rich Llewelyn at rvl@ksu.edu.
Alicia Boor is an Agriculture and Natural Resources agent in the Cottonwood District (which includes Barton and Ellis counties) for K-State Extension. You can contact her by e-mail at aboor@ksu.edu or calling 620-793-1910.
K-State Extension is an equal opportunity employer and provider. Kansas State University, County Extension Councils, Extension Districts, and U.S. Department of Agriculture Cooperating.