Understanding grain markets (UGM) is a one day workshop that has been designed for grain traders or grain producers. The workshop contains information that can have immediate bottom line benefits. The resource material contains relevant information developed by grain industry professionals. UGM provides an understanding of: Market dynamics,factors that influence price and basis, grain marketing strategies, grain pools and contract types – rights and obligations and grain pricing information to assist in making sound grain marketing decisions. The workshop provides participants with a complete understanding of the fundamental supply and demand of international markets and how it affects Australia. Participants will gain 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.