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
Long
Contract Profit
Long
Prof/Ct
Short
Short
Contract 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
Long
Contract Profit
Long
Prof/Ct
Short
Short
Contract 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
Long
Contract Profit
Long
Prof/Ct
Short
Short
Contract 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
Long
Contract Profit
Long
Prof/Ct
Short
Short
Contract 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
Team 1
Closed
Profits
-10,455
Open Pos
Profits
-1,340
Team 3
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
0
Total
Profits
-11,795
16,305
Individual Results
Team
Closed
Open Pos
Profits
Profits
Max Runge 13,413,674
0
26,812
Total
Profits
13,413,674
Nick Piggot
1,415
Tony
Windham
Charles
Forrest
James
Marshall
Tim Woods
_DQ
21,656
0
21,656
21,560
0
21,560
13,827
-24
28,227
13,837
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