On Aug. 24, the CME will launch a grain sorghum basis futures contract. The purpose of this contract is to provide an instrument that can hedge the price difference between sorghum and corn. Dan O’Brien and Guy Allen at Kansas State University have conducted research to assess “why” this new contract is needed and the implications of this new contract for the Kansas country elevator system.

Employees of the Kansas country elevator system interested in this topic are invited to attend this discussion along with ample time for questions and answers. Lunch will be provided.

There is no fee, but registration is required for lunch.

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Date/Time: 11 a.m. to 1 p.m. on Tuesday, Aug. 11

Location: Great Bend Events Center, 3111 10th St., Great Bend

Target Audience: Employees of the Kansas country elevator system that could trade the new CME grain sorghum basis futures contract. Producers interested in this topic are also invited to attend.

Agenda:

10:30 to 11 a.m. - Registration

11 to 11:05 a.m. - Welcome, Dr. Brian Briggeman (Professor and ACCC Director)

11:05 a.m. to 12:15 p.m. - Country Elevator Applications of CME Grain Sorghum Basis Futures Contract - Daniel O’Brien (Professor) and Guy Allen (Senior Economist, IGP)

12:15 to 1 p.m. – Lunch

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To register for this meeting, go to agmanager.info/events

If you have any questions, you can contact Rich Llewelyn at rvl@ksu.edu.

Alicia Boor is the Agriculture and Natural Resources agent with K-State Research and Extension – Cottonwood District. Contact her by email at aboor@ksu.eduor call 620-793-1910.