EVENT: Archive Apr 22, 2008


Transcript

Agricultural Forum, April 22, 2008

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Agricultural Forum Press Releases

Agenda

    I. Price Discovery in the Agriculture Futures Markets

      a. Overview of fundamentals in markets
      b. Role of speculators, index funds and commercial hedgers
      c. The adequacy of transparency in the markets
      d. The adequacy of contract terms and conditions

    II. Hedging in the Agricultural Futures Markets

      a. Convergence of futures and cash prices
      b. Forward contracting in the current markets
      c. Role of agricultural swaps and other risk management tools

    III. Margin Levels (Performance Bond) and Agricultural Credit

      a. Role of margin and the clearing system
      b. Overview of agricultural credit and record margin levels
      c. Proper determination of margin
      d. Price limits and margin levels
      e. Credit market conditions and Ag lending outlook

Presentations


Head Table:

Government/Academic Panelists:

    • Mark Keenum
    U.S. Department of Agriculture

    • Leland Strom
    Farm Credit Administration

    Jeff Harris
    Chief Economist

    John F. Fenton/Dave Kass
    Deputy Director of Market Surveillance, Division of Market Oversight/Industry Economist

    Gerald Bange
    USDA Office of the Chief Economist

    Esther George
    Federal Reserve Bank of Kansas City

    Eugene Kunda (Presentation)
    Asst. Director, Office for Future and Options Research, University of Illinois, Urbana

    Andrew Jacob
    Farm Credit Administration

Participants


Charlie Carey
, CME Group
David Lehman, CME Group
Thomas Farley, ICE Futures, U.S.
Layne Carlson, Minneapolis Grain Exchange
Roger Hipwell, Minneapolis Grain Exchange
Seaver Sowers, American Bankers Association
Samuel Miller, American Bankers Association
John Kowalik, CalPERS
Doug Hepworth, Gresham Investment Management LLC

Bob Greer
, PIMCO
Robert Ellis, Ridgefield Capital

Billy Dunavant
, Dunavant Enterprises
Andy Weil
, American Cotton Shippers’ Association
Joe Nicosia
, American Cotton Shippers’ Association
Chuck Coley
, National Cotton Council of America
Woods Eastland
, AMCOT
Wallace Darneille, AMCOT

Tom Coyle
, National Grain and Feed Association
Jerry McReynolds, National Association of Wheat Growers
Diana Klemme, Grain Service Corporation

Garry Niemeyer
, National Corn Growers Association
Luke Lind, National Cattlemen’s Beef Association
Steve Wellman,
American Soybean Association
Tom Buis
, National Farmers Union
Bob Stallman
, American Farm Bureau Federation
Mike Walter, Commodity Markets Council
David Brown,
American Bakers Association
John Popp
, Independent Bakers Association
Jim Byrum, Michigan Agri-business Council

Justin Towery
, USA Rice Federation


Last Updated: August 13, 2014