www. sponsored by 2015 women in agriculture educators national conference the new game for feed...
DESCRIPTION
A premier on-line trading game, features real time cash, futures and options quotes Unlike other trading websites, Commodity Challenge highlights marketing decisions and risk management tools (not speculation) Educational and free!TRANSCRIPT
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www.commoditychallenge.com
sponsored by…
2015 Women in Agriculture Educators National ConferenceThe New Game for Feed Buyers
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Edward [email protected]
Center for Farm Financial Management University of Minnesota
www.cffm.umn.edu
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• A premier on-line trading game, features real time cash, futures and options quotes
• Unlike other trading websites, Commodity Challenge highlights marketing decisions and risk management tools (not speculation)
• Educational and free!
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Learn about…•agricultural markets•marketing terms•pricing tools•risk management
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Commodity Challenge is growing!
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©2013 Regents of the University of Minnesota. All rights reserved.
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Who uses Commodity Challenge?
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Why use Commodity Challenge?
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1. Learning by experience2. Complement curriculum3. End of year fun
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The game can be played from three different perspectives.
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(1) Producer selling “old crop” grain(grain harvested and held in storage)
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(2) Producer pricing “new crop” grain(grain to be harvested in the fall)
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(3)Livestock or dairy buying corn(grain needed for feeding)
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Let’s start a buyers game!
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As an educator, I prefer the buyers game.
Players learn by making decisions. •Sellers can easily choose NOT to decide. •Corn buyers MUST make purchasing decisions, to feed animals.
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Tips
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Tip #1Ask players to get join an open game to learn how to navigate the system, place orders, read market quotes, etc.
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Tip #2Start two games; one for competition and another for practice, assignments, and learning.
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Tip #3Don’t grade according to performance. I ask “Why?” on the pricing decisions. Price objective? Breaking news? Expert opinion? Chart formation?
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Tip #4Use your power as the game leader.
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• We used the game last year and really enjoyed it. • My students have really learned a lot
from your activity.• The game is really interesting and helpful
to understand trades in the real world. • Commodity Challenge project was the
single best way to learn this information.
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How can I start a game?
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Email to… [email protected]. Group name2. Location3. Game Leader4. Start date5. End date