U Of M Extension Updates Grain Marketing Game

ST. PAUL, Minn. (AP) — The University of Minnesota Extension Service has relaunched an online trading game that puts players in the boots of a grain farmer.

Commodity Challenge is used in high school and college classrooms, and by farmers, to learn about marketing strategies. It’s been described as “fantasy grain marketing.”

Grain marketing specialist Edward Usset says the newly updated Commodity Challenge lets players experience the pain and glory of grain trading without the risk. While other games concentrate on a speculative buy low, sell high approach, he says this one focuses on using futures and options contracts to manage price risk.

The game also features real-time cash, futures and options quotes for corn, soybeans and wheat.

Commodity Challenge remains free. It was played last year by more than 1,500 people in 12 states.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From WCCO | CBS Minnesota

Good Question

Listen Live