MU Extension events calendar
Professional development events
MU Extension Show-Me Market Showdown
Monday, July 14, 2014, 8:30 a.m. to Friday, Sept. 19, 2014, 11:59 p.m.
The game will be hosted online at www.CommodityChallenge.com
The Show-Me Market Showdown is an educational online grain marketing game for farmers, ag professionals and other interested people. The simulation will enable participants to enhance their knowledge and skills related to grain marketing by providing a platform through which participants can experiment with different grain marketing tools and strategies.
The premise of the game is for each participant to sell/hedge predetermined quantities of corn, soybeans, and wheat, utilizing real-time cash bids, futures prices, and options quotes. The game employs a website called CommodityChallenge.com to link real-time market information with players’ ability to execute virtual marketing transactions. The website monitors players’ market positions, executes their trades, and summarizes players’ virtual marketing account balances.
Players compete with one another based on the financial outcome of their sales and trades relative to other players’ marketing transactions. Although the game is competitive, the main focus of the game is for players to learn the risks and rewards of alternative marketing strategies and to learn the mechanics of various marketing tools, such as futures contracts, options on futures, and forward contracts. To this end, in addition to the game, the MU Extension will offer players guidance and marketing instruction through weekly educational e-mails and a game blog. The e-mails and blog will provide a valuable means of discussion and instruction among the game coordinators and participants.
In addition to being fun and educational, participation in the Show-Me Market Showdown is extremely flexible and risk-free. Since the game is hosted online, players can access the game whenever and wherever they have time and access to the Internet.
More information about this event
Funding for this project was provided by the North Central Risk Management Education Center and the USDA National Institute of Food and Agriculture. As a result, participation in the game is completely free. Register to participate using the link below. more...