Commodity Broker - MID-CO Commodities - Bloomington IL
Commodity Broker - MID-CO Commodities - Bloomington IL
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1 Vacancy
Job Description
GROWMARK is an agricultural cooperative serving almost 400000 customers across North America providing agronomy energy facility engineering and construction and logistics products and services as well as grain marketing and risk management services. Headquartered in Bloomington Illinois GROWMARK owns the FS trademark which is used by its member cooperatives. GROWMARK also owns and operates SEEDWAY the largest fullline seed company in the United States. More information is available at growmark.
See what its like to work at GROWMARK: AND SUMMARY STATEMENT
Responsible for providing grain market information advice and the development of merchandising strategies to MIDCO accounts and GROWMARK divisions and affiliates.
ESSENTIAL JOB FUNCTIONS
Maintains regular contact with assigned futures accounts. Provides market information and analysis as well as the identification and evaluation of hedging opportunities to MIDCO patrons. Monitors customers margin accounts. Places customers futures and option orders and reports fills.
Responsible for soliciting new accounts and providing excellent service to existing complex accounts.
Shares a portion of the responsibility for the production of MIDCO informational material (i.e. Weekly Fact Sheet Market Information Morning and Afternoon Comments and Merchandising Updates).
Responsible for maintenance of historical market information within MIDCO.
Assists with preparation and presentation of educational meetings and seminars for accounts and their patrons. Prepares research data for market analysis. Makes grain presentations such as market outlooks and hedging strategy at outside meetings and accounts annual meetings as requested.
Participates in planning and presenting at appropriate marketing conferences. Represents MIDCO at appropriate trade shows. Maintains contact and cultivates relationships with a group of companies that offer potential as future clients of MIDCO. Identifies and develops new accounts.
Assists with hedge training classes and workshops both at the corporate and individual customer level
Contributes to the development of MIDCO recommendations on spread and hedge strategy. Keeps the current market outlook with special emphasis on basis and spreads.
Establishes and maintains an information sharing environment with cash grain and futures market contacts within and outside of the GROWMARK System.
Maintains an understanding of order entry technology and related software.
Remains fully informed of regulations rules and standards pertaining to commodity futures trading.
Brings to the attention of their supervisor any customer cash or futures market position which is believed to be high risk. Makes market recommendations which are consistent with the individual accounts ability to bear risk and the managers level of market expertise.
OTHER JOB FUNCTIONS
Understanding and experience with agricultural marketingrelated areas including marketing and merchandising strategy and recommendations; hedging futures and options strategies; grain risk management market information conditions and trends; price strategy branding promotions industry relations policies and procedures and compliance along with planning budgeting and communications.
Proven professional communication interpersonal persuasion and presentation skills.
Proven computer skills and the ability to use the computer to enhance business processes.
Follows GROWMARKs Code of Conduct and Corporate Compliance Program Environmental Health and Safety OSHA and DOT policies and procedures as they apply.
Performs all other duties as assigned.
REQUIREMENTS
Normally requires a college degree in agricultural economics or marketingrelated area or equivalent and 3 or more years experience in agricultural marketing and the ability to provide grain marketing and risk management program leadership to member cooperatives.
Registered with the NFA as an AP or qualified for same within three months of assuming position.
Prefer knowledge of cooperative philosophies and principles.
Demonstrates essential abilities including business knowledge collaboration communication customer focus decision making and skill development.
Must have and maintain a valid drivers license and have the ability to travel independently and overnight.
Ability and willingness to participate in required training that may include education on GROWMARKs policies and procedures and additional training as it relates to the requirements of the position.
We are an equal opportunity employer including protected veterans and qualified individuals with disabilities. Employment may be contingent upon receipt of an acceptable and jobrelated background check drug test motor vehicle report and/or reference check as applicable and permissible by law.
Employment Type
Full Time
