Agenda for 31st of October, 2018
International Risk Management Workshop with Jay O'Neil, USA

The Grain Academy accompanying program in 2018 again includes a full-day risk management workshop. This time it will be conducted by our guest speaker from U.S. Mr.Jay O’Neil.
In addition to his conference presentation (on Thursday, November 1), Jay O'Neil will deliver an exclusive one-day training workshop on risk management, international commodity exchanges, futures, and options on the previos day, Wednesday October 31.

Who is the training intended for?

Key executive decision makers such as CEO, CFO, Heads of procurement and sales from large scale producers and co-ops, local trade houses, millers (Feed and flour), bioethanol & biodiesel plants, crushers and all key leading end-users. The workshop agenda will be provided with simultaneous interpretation.

Speaker: Jay O'Neil, USA

Jay O’Neil has 45 years of experience in global commodity markets. He started out of college with Continental Grain Company in San Francisco, where he worked as a grain trader. The next seven years he was with the Pillsbury Company of Minneapolis. Then he served with the Ferruzzi Group of Ravenna, Italy, in its New Orleans office. Jay O’Neil was with Bartlett Grain Company for 17 years serving as general manager of the transportation and export divisions. For the past twelve years, Jay has operated his own private consulting company, which publishes a private weekly ocean freight and transportation report covering the dry-bulk and containerized grain markets. Jay has just retired from his 12-year position as the senior agricultural economist for the International Grains Program at Kansas State University. Jay served for many years on the National Grain & Feed Association’s Trade Rules committee. He is also a past chairman and an emeritus member of the North American Export Grain Association’s Contracts and Arbitration Committee. Jay continues to serve as an arbitrator with this trade association.

The participation of Jay O’Neil is possible thanks to the kind support of the America For Bulgaria Foundation

Varna 2018 Grain Academy – International Risk Management Workshop

Wednesday, October 31

8:15 Registration
8:45 Welcome
8:55 Overview of global wheat and corn markets S&D
9:35 Why have futures markets (relationship between cash markets and futures)

10:35 Coffee break

10:50 Basis trading and hedging – (Where and how to hedge) (Futures months and symbols)
11:40 Principals of futures and options trading (Review relationship of options to futures)
12:40 Group photo

13:00 Lunch

13:50 Examples of hedging for traders, producers and end users ( How to apply what you are learning)
15:00 Simulation game

16:00 Coffee break

16:15 Continue simulation game
18:00 Adjourn

The fee for participation in the workshop is 120 EUR (VAT excluded).