SEMC Trading Contest Tim Hewitt & John VanSickle Food & Resource Economics Dept. University of Florida

SEMC Trading Game Rules Given $15,000 in trading capital to be used to pay trading fees ($14.50/contract each half turn) and to cover margin requirements and losses incurred. Opportunity to borrow up to $15,000 of additional capital if needed at 10% interest plus $100 fee.

Commodities Available for Trading Cotton FCOJ Domestic Sugar World Sugar Coffee Cocoa Feeder Cattle Live Cattle Lean Hogs Pork Bellies Corn Soybeans Soy Oil Soy Meal Oats Wheat Rough Rice

Trading Game Activity Team 1 –David Anderson - TAMU –Al Wysocki - UF –Carl Anderson – TAMU –Bob Goodman - Auburn Team 3 –Kurt Guidry – LSU –Jim Rathwell – Clemson –James Marshall – Ark. –George Shumaker – UGA –Don Shurley - UGA

Trading Game Activity Team 4 –John Anderson – MSU –PJ van Blokland – UF –Max Runge – Auburn –Lee Meyer - UKY Team 5 –Charles Forrest- MSU –Tim Woods – UKY –Nathan Smith – UGA –Tony Windham – Ark –Tim Hewitt - UF

Trading Game Activity Team 6 –Gene Johnson - LSU –Emmit Rawls – UT –Charles Curtis – Clemson –Nick Piggot – NCSU –Fritz Roka - FL Team 7 –John VanSickle - UF –Mark Waller – TAMU –Kelly Bryant – Ark. –Walt Prevatt – Auburn –John McKissick - UGA

Commodities Traded (thru 9/18) CommLong Contract Long Profit Long Prof/Ct Short Contract Short Profit Short Prof/Ctr Corn Cotton Cattle Feeders Beans Soy Oil Wheat Hogs Bellies

Commodities Traded CommLong Contract Long Profit Long Prof/Ct Short Contract Short Profit Short Prof/Ctr Coffee Cocoa Dom Sugar World Sugar All

Commodities Traded less Winner CommLong Contract Long Profit Long Prof/Ct Short Contract Short Profit Short Prof/Ctr Corn Cotton Cattle Feeders Beans Soy Oil Wheat Hogs Bellies

Commodities Traded less Winner CommLong Contract Long Profit Long Prof/Ct Short Contract Short Profit Short Prof/Ctr Coffee Cocoa Dom Sugar World Sugar All

Team Results TeamClosed Profits Open Pos Profits Total Profits Team 1 -10,455-1, ,795 Team 3 16,305 0 Team 413,417,951 1,22513,419,176 Team 5 50,547 41,418 91,966 Team 6 17,895 26,937 44,832 Team 7 18,613-16,475 -2,138

Individual Results TeamClosed Profits Open Pos Profits Total Profits Max Runge13,413,674 0 Nick Piggot 1,415 26,812 28,227 Tony Windham 21,656 0 Charles Forrest 21,560 0 James Marshall 13,827 13,837 Tim Woods _DQ ,468 30,444

SEMC Trading Game Prizes Top Trader – Max Runge, Auburn University Top Team – Team 4, John Anderson, P.J. van Blokland, Lee Meyer and Max Runge Most Challenged (i.e., biggest loser) – J. Walter Prevatt, Auburn University Best All-Around Team – Team 5, Charles Forrest, Tim Woods, Nathan Smith, Tony Windham, Tim Hewitt (All but Hewitt made money)

Next Years Challenge Begin Trading January 7, 2002 Contribution $10.00 High Individual wins half for favorite charity High Team (4 of 5) wins half for their favorite charity Will be minor modifications to game

SEMC Trading Contest Tim Hewitt & John VanSickle Food & Resource Economics Dept. University of Florida