Understanding Grain Markets (UGM) is a one day course that has been designed and is presented independently for either grain traders or grain producers. The course contains information that can have immediate bottom line benefits. The course material contains relevant information developed by grain industry professionals.

UGM course aims to provide an understanding of:

1. Market dynamics;
2. Factors that influence price and basis;
3. Grain marketing strategies;
4. Grain pools and contract types – rights and obligations;
5. Grain pricing information to assist in making sound grain marketing decisions.

The course provides participants with a complete understanding of the fundamental supply and demand of international markets and how it affects Australia. The Course also offers participants an understanding of how the Australian price is derived and the relationship to foreign markets, including the components of price, price determination, risk management, contracting principles and dispute settlement mechanisms.