South Dakota Corn is launching Commodity Challenge, an online grain marketing simulation game patterned after a popular game that was put together by Iowa State University Extension.
Game participants will be able to experiment with futures and ag options with real markets – without risking their real money. Each participant will be given an imaginary 75,000 bushels of corn and 25,000 bushels of soybeans to market by March 7. You can use future, options, cash-forward contracts for corn (but not soybeans) and cash transactions.
The simulation is like fantasy football for farming. Participants will use a variety of tools to trade their grain that was harvested on Oct. 15th, 2013. The game reflects what is going on in the real world and allows players to try out various strategies. The simulation will track results and post a leaderboard.
The challenge begins when you get signed up and ends on March 7, 2014.
Do you want to become a better marketer? Are you up for the challenge?
To sign up, email Dr. Darrell Mark at firstname.lastname@example.org and say " I want to join the South Dakota Commodity Challenge!"
After emailing Dr. Mark, you'll receive simple directions for joining the simulation via email.
For a grain marketing refresher, there is a Marketing Tools Workbook available for participants or anyone who would like to learn more about buying and selling grain.
To view the workbook, click here.
If you have any additional questions, contact the SD Corn office at 605-334-0100.
Source: SD Corn