The 2016 New Crop Iowa Commodity Challenge will provide the opportunity for risk management education using a market simulation to experiment with futures and ag options with real markets. Each participant is given 81,000 bu. of corn and 22,500 bushel of soybeans to pre-harvest market until an end date of October 26, 2016.
1. The first step is to view and print out the instruction sheet to join the simulation. This is a password protected simulation and the password is on the instruction sheet.
Please click here for the instruction sheet. You may want to print out the sheet to have it handy to register for the simulation.
2. Please click here for a quick link to the Commodity Challenge website. Follow the instruction sheet above and join the password protected game entitled: 2016 New Crop Iowa Commodity Challenge
If you already have an instruction sheet, the game password for #6 is: IA2016NC
It is suggested that you “bookmark” or “favorite” this page and the Commodity Challenge website for easy access to the educational material and the simulation.
Educational material designed to enhance your learning is available at: http://www.extension.iastate.edu/agdm/info/icc.html
Please feel free to experiment and try marketing tools. Remember, the goal is not to make money with the futures or options – the goal is to learn what real risk management is to help you on your farm.
For questions, please contact Ed Kordick, firstname.lastname@example.org