AGEC 2400 Commodity Marketing Principles
Course Information
| Course Number | AGEC 2400 |
|---|---|
| Course Title | Commodity Marketing Principles |
| Description | This course covers the principles of agricultural commodity marketing, including cash, forward, futures, and options contracts. Economic impacts on supply, demand, and equilibrium pricing for commodities will be explored. Students will participate in simulated marketing transactions and track local and terminal market pricing. (Prerequisite: AGEC 1100) |
| Total Credits | 3 |
| Total Hours | 48 |
| Instruction Type | Credits and Hours |
|---|---|
| Lecture | 3 Credits, 48 Hours |
Pre/Corequisites
Prerequisite: AGEC 1100
Institutional Core Competencies
- Critical and Creative Thinking - Students will be able to demonstrate purposeful thinking with the goal of using a creative process for developing and building upon ideas and/or the goal of using a critical process for the analyzing and evaluating of ideas.
Course Competencies
- Identify contract specifications of major agricultural commodities.
- Explain the processes that lead to price discovery in local and terminal commodity markets.
- Compare and contrast marketing alternatives, including cash, forward, future, and option contracts.
- Define and apply commodity marketing terminology and concepts.
- Identify differences between various terminal markets and various types of traders.
- Critically analyze liquidity, loan, tax, and legal obligations associated with marketing in a production agricultural setting.
- Identify differences in fundamental and technical analysis.
- Determine cost of production of various agricultural commodities.
- Determine how the relationship between cash and futures prices impacts commodity marketing decision making.
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.