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Agenda Overview

See who spoke and the topic highlights from the 2nd Annual Global Grain North America 2014:

Day One: Tuesday, 20th May 2014

8:30am Pre-Event Workshop, organised by CME Group

6:00pm Exhibition opens with Cocktail Reception

Day Two: Wednesday, 21st May 2014

9:00am Chairperson's opening remarks:

  1. David Lehman, Managing Director - Commodity Research & Product Development, CME Group

9:10am World Grain Outlook for the Present Crop Year and Observations for 2014/15

This keynote discussion will feature global trade experts as they dissect the key supply and demand factors for the present and forthcoming campaigns as well as assessing other important issues impacting grain prices globally

  1. Moderator: Richard Feltes, Vice-President, Research, RJ O'Brien
  2. David Hightower, President, The Hightower Report
  3. Michael O'Dea, Senior Risk Management Consultant, FCStone, LLC
  4. Michel Portier, Chief Executive Officer, Agritel
  5. Lin Tan, Executive President, Hopeful Investment and Holding

10:25am Where is the North American economy heading? What will this mean for world grain markets?

  • Analysing global foreign investment assets
  • Is there a threat of emerging market contagion causing the western world to catch a cold?
  • What will be the impact of QE coming to an end?
  • Top macro-economic, financial and geopolitical issues for traders to track
  1. Alan D . Barkema, Economist
11:00am Coffee & networking

11:45am South America: Analysing the latest developments in one of the world's key producing regions
  • How is infrastructure in Brazil developing and what investments still need to be made? Is there any sign of this?
  • What is the maximum amount of grain Brazil can export currently?
  • To what extent is the economic turmoil in Argentina impacting exports? Are farmers continuing to hold as hedge against inflation? Is there any sign of improvement?
  • How will farmers sell in Argentina? How much grain will be allowed to leave?
  1. Moderator: Gavin Maguire, Agriculture Markets Columnist, Thomson Reuter
  2. Marcos Rubin, Senior Partner Analyst, Agroconsult
  3. Ezequiel Hajnal, Director and Partner, Agrosud S.A.
  4. Rodrigo Zobaran, Merchandising and Logistics Director, Damha Group

12:30pm What does the new thinking in China mean for grain markets?

  • The effects of China transitioning to a more market-based economy on its economic growth in general
  • Analyzing China’s import demand over recent years and how it has/has not affected our markets
  • Changes in China’s economic status—as opposed to political directives—and the impact on domestic exports/prices
  1. Kel Kelly, Economist, GROWMARK Inc

1:00pm Lunch 2:20pm Afternoon chairperson opening statements

  1. Timothy J. Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group

2:30pm Canada: Developing new trade routes in a changing environment

  • Overview of the changing trade patterns in Canadian Grain
  • Logistical opportunites and challenges affecting competitiveness
  • Made in Canada - Expanding the market for specialist Canadian Wheats
  • Impact of changing weather patterns on the Canadian market
  • Effective risk management for trading Canadian grain
  1. Jeff Jackson, Markets Manager, Alberta Wheat Commission

3:10pm Trends and developments in livestock/meat industries and implications for feed/protein demand

  • Assessing the impact of Southeast Asis's increasing meat demand on global feed demand and prices
  • Analysing trading opportunities in hog futures arising from US Hog PED virus
  • Speads and inter-livestock market relationships - what are they and how do traders capitalise?
  1. Randy Blach, CEO, CattleFax

3:40pm US Grain Transportation Outlook: What is new in barge, rail and ocean transportation?

  • Analysing the impact of the Bakken crude oil on railroad operations
  • 30,000 gallon general service tank car retrofit
  • Outlining river operation problems: Where is investment necessary in river infrastructure?
  • Dry bulk ocean freight markets
  • Panama Canal update: How is the project developing?
  • Examining current port infrastructure investment
  1. Tom Williamson, Owner, Transportation Consultants Co

4:10pm Coffee & networking

4:45pm Panel: Physical and financial risk management techniques in the global grain market

  • What are the key challenges to address?
  • Mitigating price volatility in global commodity markets
  • What is driving developments in risk management techniques?
  • Risk transfer solutions for the supply chain: when are they needed and why?
  1. Moderator: Paul Dubravec, Vice President, Commodity Merchandising Risk Management, Advance Trading
  2. Satish S. Nandapurkar, Founder and Principal, Silveus Financial
  3. Terry Reilly, Senior Agriculture Futures Analyst, Futures International, LLC
  4. Joon S. Kim, Managing Director - Head, Local & Commodity Corporates,  Transaction Banking - Americas, Standard Chartered Bank
5:30pm U.S. Grain Importation:  Complying with FSMA
  • In the last decade, food importation in the United States has almost doubled, accounting for 15% of the U.S. food supply from about 150 countries and fueling passage of the Food Safety Modernization Act (FSMA)
  • FSMA is causing significant food safety changes designed to bring internationally sourced grain products destined for the U.S. in line with existing requirements for domestically sourced food
  • Important developments for those associated with grain imports include:
    • Food facility registrations
    • Prior notice of imported food
    • Record retention
    • Foreign supplier verification
    • Third party certification
    • Voluntary qualified importer program
  1. Richard Wegener, Counsel, Faegre Baker Daniels LLP

6:00pm Networking drinks reception

DAY THREE: Thursday, 22nd May 2014

9:00am Opening remarks by Chairperson

  1. Gregg Doud, President, Commodity Markets Council

9:15am Global Meteorological outlook

  • North America Forecast
    • Spring recap
    • Summer forecast
    • Early look at harvest weathe
  • International Area Forecast
    • Europe, FSU, China, any other hotspot
  • El Nino discussion
    • Current situation
    • El Nino outlook
    • Potential global weather impacts
  1. Kyle Tapley, Senior Agricultural Meteorologist, MDA Weather Services

9:45am HFT Debate: This house believes that HFT poses systemic risks to grain markets

While its supporters argue that HFT creates liquidity within markets, its opponents maintain that HFT makes markets less reliable and more volatile. As part of this panel, speakers will present their opinions on HFT and its impact on the market.

  1. Moderator: Haim Bodek, Managing Principal of Decimus Capital Markets, LLC
  2. Eric Scott Hunsader, Founder, Nanex
  3. Heather Koch, Principal, Icarus Trading
  4. Sal Gilbertie, President and Co-Founder, Teucrium Trading LLC

10:45am Coffee & networking

11:15am Assessing the potential impact of financial regulations on grain trading

  • The latest developments in regulation
  • What do Dodd Frank SEF rules mean for the trading and clearing of swaps?
  • What should traders be doing to prepare for the current changes?
  1. Catherine E. Napolitano, Deputy General Counsel, OTC Derivatives, INTL FCStone Inc

11:45am US Ethanol Industry Analysis: Will ethanol exports continue increasing allowing the US industry to escape the US domestic blend wall?

  • How has government policy impacted the grain markets in the past ten years?
  • What would a change to the Renewable Fuel Standard (RFS) mean for the industry in the short and long term?
  • Has US ethanol demand topped out?
  1. Brian Jennings, Executive Vice President, American Coalition for Ethanol

12:15pm Chairperson's closing remarks

12:30pm Networking lunch followed by the close of Global Grain North America 2014