Oilseed, grain trade conference to focus on risk management

by Holly Demaree
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The summit will be Nov. 15-16 at the Hyatt Regency in Minneapolis, Minnesota, U.S.
 
MINNEAPOLIS, MINNESOTA, U.S. — The Oilseed & Grain Trade Summit will be offering a risk management course before the summit on Nov. 14 at the Hyatt Regency in Minneapolis, Minnesota, U.S.

The pre-event half-day course, price risk management, will be led by Richard Jelinik and Doug Prohaska of INTL FCStone. The course is designed to provide an overview of the necessary knowledge to protect and/or enhance an agricultural firm’s bottom line. Advanced level strategies and a practical discussion on corporate policy requirements regarding price risk management tools will be covered as well. A two-hour session on price risk management will continue on Nov. 15.

Dave Brown, vice-president of Global Commodity Price & Risk Management, Global Procurement, at Mondelez International will speak about “Managing Commodity Risk in Today’s CPG World” during the summit.

“As the traditional packaged food industry struggles with growth and continues to consolidate, it is critical that organizations in this space are dialed in on their ability to manage margin, as profit expansion will at least allow the resources required to tackle changing consumer trends,” Brown said.

In his presentation, he will highlight some of these trends, particularly with U.S.-based food companies, and share some ways in which Mondelez has been better able organize its commodity risk management processes and approaches to bridge the gaps and ultimately meet these new world needs.

A risk management panel will be held on Nov. 16 that includes participants from Land O’Lakes – Kevin Schriver, chief procurement officer; Cargill – Daniel Hofstad, director; Seed SEF – Edward Woodford, chief executive officer; and Prohaska from INTL FCStone, will address the following:
  • How to know when you really have alignment on risk strategy with key owner of finished goods profits and loss
  • Examples of very good risk and sales alignment, and strategies for how to close the gap when there is a less than stellar alignment of the two
  • What unique challenges do certain commodities face, and how to manage extraordinary risk scenario
  • How risk management tools may best be used to leverage reduced risk and increase enhancement in the supply chain

Other topics at the summit related to risk management include strategic planning option to counter weather variations, an examination of geopolitical influences and ag prices for 2017, and the impact that surplus oilseeds and grains in the 2016 market will have in 2017. 

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