White Commercial Corporation

White Commercial Corporation's Grain Merchant Certification

	What will you learn?
		Course Content
	The fundamentals of basis trading.	Lesson One: Introduction to Basis Lesson Two: Fundamentals of Trading Basis Lesson Three: Understanding Local Grain Values Lesson Four: Mechanics of Hedging Lesson Five: Opportunities of Long-the-Basis Lesson Six: Opportunities of Short-the-Basis Lesson Seven: Implementation of a Successful Merchandising Program
	The proper use of futures markets and the implementation of a disciplined hedging routine.
	How to generate merchandising margins through basis trading.
	Application of basis trading skills in different environments and the utilization of long-the-basis and short-the-basis procedures to improve margins.
	Proactive selling skills -- how to properly identify local grain values and structure sales to meet the needs of different buyers.
	Effective spread management -- the use of buy and sell spreads to create opportunities in different environments.

	REGISTRATION INFORMATION Contact Course Coordinators Sherry Lorton or Tracy Geisz 800-327-7000