Nov. 16, 2007
Contact:† Pam Joseph at (419) 995-8284 or Lesley King Fry at (419) 995-8671
AgMarketLogic† gives producers objective approach to trading on the farm markets
The Ohio State University at Lima Office of Continuing Education will present AgMarketLogic with William T. Schamp from 8 a.m.-4 p.m., Dec. 10-14, 2007, in Galvin Hall 318. AgMarketLogic will help agriculture producers learn to read the price direction of any grain, livestock, energy or other market as easily as they read their daily newspapers.
Schamp has devoted 10 years of study, research and verification of results to develop AgMarketLogic. He has presented classes throughout the U.S. and in Asia, Malaysia and Europe.
According to Schamp, 40-45 percent of the grain markets are traded electronically and a large portion of this is traded by hedge fund managers who are unsympathetic to the producers. The violent price swings can wreak havoc on bottom line profits for the agriculture community if left unmonitored.
Livestock and grain producers can take advantage of the increased liquidity in the market and insure they are getting the best price for their products through a process called hedging. With the move to electronic trading, livestock and grain producers now have the freedom to hedge many markets. Hedging helps insure a stable price for a producerís product and they will find that hedging can generate sizable bonus profits for their farming operations as well.
The strategy of hedging for livestock and grain producers can succeed if they understand the marketplace and are able to read the direction of price. This is not difficult; however, it does take practice watching the markets. AgMarketLogic will examine the process in the class portion of the seminar and apply it in the live trading portion.
Free previews of the program are scheduled in Public Service Building, Room 212/213, from 6:00-9:30 p.m., Tues., Nov. 20; and from 1:30-5:00 p.m., Sat., Dec. 1, 2007.
The class portion of the seminar will be held from 8 a.m.-4 p.m., Dec. 10-12; and the live trading will be held from 8 a.m.-4 p.m., Dec. 13-14. All parts of the seminar will be held in Galvin Hall 318. Cost for the seminar is $2,950.
For information or to register, call the Office of Continuing Education at (419) 995-8863. The seminar brochure is available online at lima.osu.edu/ced/.
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