Register by midnight, May 31, 2008, to play the corn and soybean marketing game
If you’re not yet playing MarketMaxx — the corn and soybean marketing game that can win you one year’s use of a new Gleaner combine or an AGCO tractor — then go to www.marketmaxx.net and sign up today.
MarketMaxx is designed for corn and soybean producers and others with an interest in corn and bean production. Its goal is to help players improve their marketing skills and take advantage of the many marketing tools available.
The deadline for sign-up is midnight this Saturday, May 31.
Each player has a simulated 100,000 bu. of corn and 50,000 bu. of soybeans to trade using futures, options or cash forward contracts. Each player has an individual account that he or she accesses via a password. Trades can be made at any time until the game ends on October 31, 2008.
Eligible farmers who sell their entire allotment of corn or soybeans at the highest average price by the end of the contest will be grand-prize winners. Runners-up also will take home big prizes.
Grand prize for the corn contest is use of a Gleaner R5 or A5 series combine for up to 100 combine separator hours. The soybean winner will receive a year's use (not to exceed 250 hours) of any PowerMaxx CVT-equipped AGCO RT or DT series tractor.
Second prize for each contest is a complete computer system plus software from Syngenta Crop Protection. Third prize in the corn contest is a complete Leica mojoRTK autosteer system from Leica Geosystems. Third prize in the soybean contest and fourth prize in the corn contest is a Dickey-john mini GAC Plus handheld moisture tester.
When you sign up, you’ll receive the MarketMaxx e-newsletter, which keeps you updated on the game. It features a contest leaderboard, market commentary from leading university and private grain marketing specialists, and news that can affect corn and soybean markets. The newsletter will arrive in your e-mailbox every other week throughout the year — but only if you’re signed up by May 31.
“Growers are sometimes confused or apprehensive about using futures and options,” says Greg Lamp, editor of Corn & Soybean Digest. “MarketMaxx can show growers how to write a marketing plan, then allow them to use futures, options or forward contracts to make periodic sales when prices are high.
“Best of all, there is no cost to playing MarketMaxx and there are no margin calls,” Lamp continues. “Players have nothing to lose and a whole lot to gain. Hopefully, they can use the skills they acquire from MarketMaxx to plug in their real-time crop marketing.”
Go to www.marketmaxx.net to learn more about the game that can help you market at higher prices.