semc trading contest tim hewitt & john vansickle food & resource economics dept. university...
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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)
Comm Long
Contract
Long
Profit
Long
Prof/Ct
Short
Contract
Short
Profit
Short
Prof/Ctr
Corn 4151 176004 42 5341 37934 7
Cotton 24068 386221 16 16530 2559140 156
Cattle 4 1068 267 5 1520 304
Feeders 42 -30830 -734 6 -194 -32
Beans 49236 2643304 53 32847 2643304 70
Soy Oil 2 -44 -22 3 528 176
Wheat 19 3823 201 25 1987 79
Hogs 45 390 8 0 0 0
Bellies 10 820 82 0 0 0
Commodities Traded
Comm Long
Contract
Long
Profit
Long
Prof/Ct
Short
Contract
Short
Profit
Short
Prof/Ctr
Coffee 2 -1053 -526 0 0 0
Cocoa 2 -116 -58 0 0 0
Dom Sugar
0 0 0 2 -205 -102
World Sugar
2 -116 -58 0 0 0
All 77583 3179471 41 54579 4905422 89
Commodities Traded less Winner
Comm Long
Contract
Long
Profit
Long
Prof/Ct
Short
Contract
Short
Profit
Short
Prof/Ctr
Corn 103 -12774 -124 136 4626 34
Cotton 42 -12481 -297 16 7412 463
Cattle 4 1068 267 5 1520 304
Feeders 42 -30830 -734 6 -194 -32
Beans 159 -3604 -22 204 36480 178
Soy Oil 2 -44 -22 3 528 176
Wheat 19 3823 201 25 1987 79
Hogs 45 390 8 0 0 0
Bellies 10 820 82 0 0 0
Commodities Traded less Winner
Comm Long
Contract
Long
Profit
Long
Prof/Ct
Short
Contract
Short
Profit
Short
Prof/Ctr
Coffee 2 -1053 -526 0 0 0
Cocoa 2 -116 -58 0 0 0
Dom Sugar
0 0 0 2 -205 -102
World Sugar
2 -116 -58 0 0 0
All 432 -54917 -127 397 52154 131
Team Results
Team Closed Profits
Open Pos Profits
Total Profits
Team 1 -10,455 -1,340 -11,795
Team 3 16,305 0 16,305
Team 4 13,417,951 1,225 13,419,176
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 ResultsTeam Closed
ProfitsOpen Pos Profits
Total Profits
Max Runge 13,413,674 0 13,413,674
Nick Piggot 1,415 26,812 28,227
Tony Windham
21,656 0 21,656
Charles Forrest
21,560 0 21,560
James Marshall
13,827 13,837
Tim Woods _DQ
-24 30,468 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