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Commodity Challenge

Sharpen your grain marketing skills in the Illinois Farm Bureau/GROWMARK/CMEGroup/AgriVisor  2015 Commodity Challenge!

Plus, compete for up to $1,500 in cash prizes in one of the following categories: Overall Division, Young Leaders Division, Women’s Division, and Collegiate Division.

  • 1st prize:  $1,500
  • 2nd prize:  $750
  • 3rd prize:  $250

Practice buying, selling or trading in an online marketing simulation where you’ll trade commodities on the cash, futures and options markets in real time without losing a dime.

Each participant will be given fictitious 100,000 bushels of corn and 30,000 bushels of soybeans to market on the cash, futures and options markets. Following the harvest date of Sept. 1, 2015, established in-game storage costs will accrue at four cents, per bushel, per month for any bushels not previously sold. Cash prices will be based on the same grain elevator’s daily bids.

Winners will be determined by calculating the highest selling prices of their corn and soybeans net of any futures and options gains or losses, storage costs, and futures/options transaction fees.

The contest will begin Jan. 2, 2015 and runs through Nov. 30, 2015. Registration is open through March 15, 2015. For more information and details, click here.

Sponsored by Illinois Farm Bureau in conjunction with GROWMARK, AgriVisor and CME Group.

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