Course 20 of 20 · Agricultural Commodities Desk Academy

Integrated Agricultural Merchant Simulation

Stage E, Integrated merchant practice. Level 10 of 10.

The end-to-end exercise: running one merchant book under a single set of accounts where storing, processing and exporting are compared with grade, basis, freight, financing and delivery obligation all priced together and defended.

123 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 07, Course 13, Course 18, Course 19

Enrol or enquire See the 123 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 123 chapters

Open any module for its full chapter list, in teaching order.

M0 The Parcel in Store and the Comparison You Must Sign Ch 1-12
  1. Taking One Merchandising Seat and Keeping It All Year
  2. Why a Comparison That Will Not State Its Basis Scores Nothing
  3. The Soybean Parcel Lying in Your Own Elevator
  4. Three Fates Open to Exactly the Same Tonnes
  5. The Sale Already Struck Against This Lot
  6. Board Lots, Drawings and Slots Standing Outside the Desk's Files
  7. Who Granted and Who Holds Each Right Over These Beans
  8. Two Dates Fixed Before You Arrived
  9. The Comparison Sheet Left Ready for Your Signature
  10. Machinery Drawn Down Here and Never Explained Again
  11. The Clocks Already Running When You Sit Down
  12. Same Tonnes, Right Place, Every Leg, Sold Commitment
M1 Seven Tests a Three-Way Comparison Has to Pass Ch 13-23
  1. Issuing the Comparison Screen Before Any Column Is Built
  2. Test One: One Quantity Running Through All Three Columns
  3. Test Two: One Analysis Result, Applied Wherever It Bites
  4. Test Three: Each Price Quoted Where Its Route Delivers
  5. Test Four: Every Fate Costed on the Same Chain Convention
  6. Test Five: Funded Days Charged to Whichever Fate Carries Them
  7. Test Six: The Sold Commitment Surviving Whatever You Choose
  8. Test Seven: Three Columns Valued in the Same Hour
  9. The Sequence the Seven Tests Have to Be Worked In
  10. Working the Screen With Every Margin Blanked Out
  11. One Sheet Named as the Only Comparison That Counts
M2 Running the Seven Tests Over the Sheet You Inherited Ch 24-36
  1. Rebuilding the Inherited Sheet From the Tickets Behind It
  2. Break One: The Moisture Discount Charged to the Berth Alone
  3. Break Two: A Basis Lifted From the Wrong Delivery Point
  4. Break Three: One Chain Costed Whole, Another Costed Short
  5. Break Four: The Hold Column That Costs Nothing to Carry
  6. Break Five: A Loading Commitment Two Fates Cannot Honour
  7. Break Six: Two Weight Conventions Inside One Sheet
  8. Break Seven: A Column Still Priced Off Last Week's Board
  9. Which Break to Mend First, and Why Size Is the Wrong Test
  10. A Repair in One Column Lands in the Other Two
  11. The Sheet Restated, and the Fate That Stops Winning
  12. One Parcel, One Season, and Four Things Held Off the Sheet
  13. Dating the Repaired Sheet and Closing It to Silent Edits
M3 The Harvest Week All Three Fates Want an Answer Ch 37-46
  1. Four Deadlines Landing Inside One Harvest Week
  2. The Berth Period Narrowing to Four Days
  3. The Processing Slot That Lapses on Thursday
  4. Farm Deliveries Arriving Into Space You Have Promised
  5. One Payment Line, a Futures Call and a Barge Booking
  6. The Order of Play Written Down Before Monday Opens
  7. Paying to Hold Open a Slot You May Never Use
  8. Refusing the Buyer's Request to Load a Fortnight Early
  9. Friday Evening With Two Tests Newly Failing
  10. Marked on Monday's Ordering, Not on Friday's Prices
M4 Holding It: the Store Column Priced Properly Ch 47-55
  1. What the Hold Column Must Contain to Be Comparable
  2. Days in Store Counted From One Agreed Start
  3. Paying for Capacity the Desk Already Owns
  4. Three Owning Courses, Three Denominators, One Sheet
  5. A Drifting Determination Changes Two Other Columns Too
  6. The Spread Line Only One Fate Carries
  7. Rolling the Hedge Because Holding Was Chosen
  8. The Warehouse Receipt That Changes Who Will Fund You
  9. The Hold Column Finished, With Its Frailest Figure Named
M5 Processing It: the Plant Column Priced Properly Ch 56-65
  1. What the Plant Column Must Contain to Be Comparable
  2. Testing Whether the Plant Column Can Be Built At All
  3. The Processing Margin Belongs to the Plant, Not Your Column
  4. The Plant's Scale Against the Intake Weight You Began With
  5. The Gate Bid and the Single Place It Is Quoted For
  6. Oil Content Rewarded and Foreign Material Deducted at the Gate
  7. The Legs From Bin to Gate, Each One Paid For
  8. Being Paid Later Than the Column Assumes
  9. Toll It and You Now Own Meal and Oil
  10. The Plant Column Finished, With What It Surrenders Stated
M6 Exporting It: the Berth Column Priced Properly Ch 66-75
  1. What the Berth Column Must Contain to Be Comparable
  2. The Finished Netback Entered as One Column Line
  3. Elevation at the Terminal, Billed on Which Tonnage
  4. Loading Inside the Window the Sale Already Fixed
  5. Laytime Exposure Carried in the Column as a Number
  6. Payment That Arrives When the Documents Do
  7. A Sale Struck in Money You Do Not Fund In
  8. A Netback Already Fixed by a Price Already Struck
  9. The Higher Netback You Decline to Switch To
  10. The Berth Column Finished, With Its Loosest Assumption Named
M7 Three Columns Side by Side, and the Fate You Sign Ch 76-85
  1. The Common Basis Paragraph That Heads the Sheet
  2. All Three Columns Set Out on One Page At Last
  3. The Commitment Test Decides It Before the Margins Do
  4. Pricing Release From a Commitment You Would Rather Keep
  5. The Single Set of Accounts All Three Fates Report Into
  6. The Fate-Switching Right Nobody Granted This Desk
  7. Signing the Choice With the Surrendered Fate Named
  8. The Margin of the Decision, Not the Margin of the Fate
  9. The Defence Written at the Hour of the Decision
  10. Graded on the Fate Chosen With the Outturn Withheld
M8 Event: the Commitment the Chosen Fate Cannot Keep Ch 86-94
  1. Event: A Vessel Nominated Late Against a Closing Window
  2. Whose Right the Late Nomination Actually Breaches
  3. Beans in Transit Between Two Fates at Once
  4. Turning the Barge Back Towards the Plant Instead
  5. Washing Out the Sold Tonnage at the Buyer's Number
  6. The Lender Learns the Collateral Has Moved
  7. Re-Running the Screen in the Middle of a Movement
  8. The Episode Attributed Before Final Figures Exist
  9. Graded on the Diversion With the Settlement Unresolved
M9 Event: the Common Basis You Wrote Comes Back Ch 95-103
  1. Event: A Plant Invoice That Will Not Match Your Column
  2. One Funding Rate Imposed on Three Fates of Different Length
  3. Why a Single Rate Looked Like Discipline at the Time
  4. Separating What Your Shortcut Cost From What Rates Did
  5. The Weight Convention the Processor Never Agreed To
  6. Correcting a Basis Paragraph Already Relied Upon
  7. Rewriting the Rule So One Rate Cannot Cover Three Fates
  8. Your Own Convention and the Processor's Claim, Arriving Together
  9. Taking the Basis Defect Upward Yourself
M10 A Second Parcel and the Number That Has to Fall Ch 104-113
  1. The Same Screen Run Over a Wheat Parcel
  2. A Processing Fate With No Crush In It
  3. The Premium Only One Fate Will Pay For
  4. Whether a Route Choice Can Be Explained Rather Than Restated
  5. The Honest Margin Is Lower Than the One You Reported
  6. The Colleague Who Wants the First Margin Reinstated
  7. Drawing the Line Round Which Sheets Get Reworked
  8. The Destination You Declined, Priced Months Afterwards
  9. The Refusal Judged on the Hour It Was Taken
  10. One Marketing Year of Fate Decisions on a Single Page
M11 Defending the Merchant's Year, Test by Test Ch 114-123
  1. The Sheet Handed to Somebody Who Was Not There
  2. One Parcel Traced From Farm Intake to Final Invoice
  3. Every Column Read Once More for Inverted Direction
  4. The Substitution Right You Noted and Never Asked For
  5. The Panel Takes the Weight Test and the Tonnage Nobody Fixed
  6. The Panel Takes the Location Test and the Borrowed Posting
  7. The Panel Takes the Funding Rate You Imposed
  8. The Panel Takes the Commitment and the Diversion
  9. Asked for a Basis and Freight View Three Harvests Ahead
  10. Multi-Season Failure, Export Bans and Several Books at Once

The brochure gives each of these 123 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 20 of twenty

It stands alone, and it is also the entry point to the Agricultural Commodities Desk Academy pathway.

Enrol or enquire See the whole pathway