GLOBALGRAINNORTH AMERICAMay 20-22, 2014 • Hyatt Regency, Chicago, USA

CONFIRMED SPEAKERSl Richard Feltes, Vice-President, Research, RJ O’BrienlDavid Hightower, President, The Hightower ReportlMichael O’Dea, Senior Risk Management Consultant,FCStone

lMarcos Rubin, Senior Partner Analyst, Agroconsult Brazil

l Thomas Dorr, Founder, Dorr and Associates l Randy Blach, CEO, CattleFaxl Tom Williamson, Owner, Transportation Consultants Co.

l Eric Scott Husnader, Founder, Nanex lHeather Koch, Principal, Icarus Trading l Sal Gilbertie, President and co-founder, Teucrium Trading

l Rene Friedman, Global Head of Legal and Compliance,FC Stone LLC

lBrian Jennings, Executive Vice President, American Coalition for Ethanol

l Ezequiel Hajnal, Director and Partner, Agrosud S.A.lHaim Bodek, Haim Bodek Conulting

Tel: +1 212 901 3828 Email: info@ggrain.com Web: www.globalgrainevents.com/chicago

Register before March 28, 2014

SAVE$100

SPONSORS

A strategic outlook on North America’s physical andfinancially traded grain markets

SUPPORTER

May 20-22, 2014 • Hyatt Regency, Chicago, USA

GLOBALGRAIN NORTH AMERICA

After the success of our inaugural event last year, Global Grain will be returning toChicago in May. The event once again promises internationally recognised speakers asthey discuss supply & demand factors from around the world as well the fundamentalissues important to your business. This will be combined with world class networkingopportunities, for which our events are known, through cocktail receptions andnetworking breaks.

2014 conference highlights include:

lHigh profile World Grain Outlook featuring industry legends Dave Hightower & RichardFeltes amongst others

l Regional expert analysis of the key markets of South America, the Black Sea & China

lGlobal Energy Outlook to 2035 from Joseph Giljum from BP

lHigh Frequency Trading debate featuring Eric Scott Husnader of Nanex and others

l Trends and developments in the livestock/meat industries and the impact on feed/proteindemand from Randy Blach of Cattlefax

lNetworking opportunities through a number of cocktail receptions and coffee breaks

The New Web App and Website Service

Available FREE for all registered delegates. GlobalGrain Live is the ultimate networking and eventmanagement tool, enabling you to get the most fromyour time at the event.

l Browse the delegate list by name,company name or country

lAccess the speaker presentations duringthe event

l Send speaker questions via thechairman – live

lMake connections with and sendmessages to the 350+ other delegatesbefore, after and at the conference

l Create and update your profile

Available via desk top browsers or on mobile devicesrunning Windows, apple iOS and Android. Make themost of your event experience by planning yourmeetings in advance and using it live at the event onyour mobile device.

GLOBALGRAINLIVE

Tel: +1 212 901 3828 Email: info@ggrain.com Web: www.globalgrainevents.com/chicago

“Great inaugural event, good attendance andcomplementary to existing Global Grain events”Vicky Sins, ABN AMRO Bank

“Fantastic opportunity to explore the commodity marketsaround the world and listen to the experts’ opinions”Randy Patton, Andy’s Seasoning

“A great event that brings together individuals fromcompanies with a common purpose”Aaron Schmidt, Bank of America Merrill Lynch

Delegates by Industry Sector in 2013

l Trader 21%

l Banking 18%

l Broker 17%

l Software 13%

l Exchanges 9%

l End User 6%

l Inspection 3%

l Legal 2%

l Other 11%

21%

18%

17%

13%

9%

6%

3%2%

11%

Note: Global Grain Chicago reserves the right to alter the venue, timings and/or speakers

Keep up to date on programme developments @ www.globalgrainevents.com/Chicago-AgendaTel: +1 212 901 3828 Email: info@ggrain.com Web: www.globalgrainevents.com/chicago

DAY ONEWednesday 21 May 2014

8:00am onwardsRegistration and breakfast

9:00am Opening remarks

9:10am World Grain Outlook for the Present Crop Yearand Observations for 2014/15This keynote discussion will feature global trade experts as they dissect thekey supply & demand factors for the present and forthcoming campaigns aswell as assessing other important issues impacting grain prices globally.

Confirmed speakers:Moderator:Richard Feltes, Vice-President, Research, RJ O’BrienDavid Hightower, President, The Hightower Report Michael O’Dea, Senior Risk Management Consultant,FCStone

11:00am Coffee & networking

11:45am South America: Analysing the latestdevelopments in one of the world’s keyproducing regions• How is infrastructure in Brazil developing and what investment still needs to

be made? Is there any sign of this?• What is the maximum amount of grain Brazil can export currently?• To what extent is the economic turmoil in Argentina impacting exports? Are

farmers continuing to hold as a hedge against inflation? Is there any signof improvement?

• How much will farmers sell in Argentina? How much grain will be allowedto leave?

Marcos Rubin, Senior Partner Analyst, Agroconsult BrazilEzequiel Hajnal, Director and Partner, Agrosud S.A.

12:30pm What does the new thinking in China mean forgrain markets• What does the leadership commitment to transition from a government

driven to market based system mean for PRC GDP growth• Analysing levels of import demand over the past ten years and assessing

future growth rates• Increasing production and the potential impact on imports of soybeans,

corn and wheat

Thomas Dorr, Founder, Dorr and Associates

1:00pm Lunch

2:30pm Canada: Developing new trade routes in achanging environment• Overview of the changing trade patterns in Canadian Grain• Logistical opportunities and challenges affecting competitiveness• Made in Canada – Expanding the market for specialist Canadian wheats• Impact of changing weather patterns on the Canadian Market• Effective risk management for trading Canadian grain

3:10pm Trends and developments in livestock/meat industries and implications forfeed/protein demand• Assessing the Impact of Southeast Asia’s Increasing Meat Demand on

Global Feed Demand and Prices• Analysing trading opportunities in hog futures arising from US Hog

PED virus• Spreads and inter-livestock market relationships – what are they and how

do traders capitalize?

Randy Blach, CEO, CattleFax

3:40pm US Grain Transportation Outlook: What is newin barge, rail and ocean transportation?• Analysing the impact of the Bakken crude oil on railroad operations• 30,000 gallon general service tank car retrofit• Outlining river operating problems: Where is investment necessary in

river infrastructure?• Dry bulk ocean freight markets• Panama Canal update: How is the project developing?• Examining current port infrastructure investment

Tom Williamson,Owner, Transportation Consultants Co.

4:10pm Coffee & networking

Tuesday 20 May 20148:00am onwards

Pre-event workshop: Options – A Flexible ChoiceOrganised by:

In order to develop an effective risk management program it is critical tohave an understanding of all of the tools that are available – includingoptions. This workshop is an interactive program designed to develop afoundation of options knowledge by familiarizing you with the terminology,concepts, mechanics and pricing of Grain and Oilseed options. It alsoincludes a discussion of the newest types of agricultural options that canenhance your hedging strategies by offering more cost-effective and flexiblealternatives. A session on practical risk management provides real-worldexamples for both buyers and sellers of grain and oilseeds. The workshopwill conclude with a “Jeopardy-like” challenge that offers a fun way to testyour knowledge!

For further information on the workshop, visit www.globalgrainevents.com/chicago

5.30pm – 7.30pmOpening drinks reception, exhibition and pre-event registration

Note: Global Grain Chicago reserves the right to alter the venue, timings and/or speakers

Keep up to date on programme developments @ www.globalgrainevents.com/Chicago-AgendaTel: +1 212 901 3828 Email: info@ggrain.com Web: www.globalgrainevents.com/chicago

“Beneficial to all users and players inthe agricultural trade. Identifies keyaspects in the changing landscapeof agricultural trade”Heather Koch, Icarus Trading

4:45pm Panel: Physical and financial risk managementtechniques in the global grain market• What are the key challenges to address?• Mitigating price volatility in global commodity markets• Latest developments in risk management techniques• Risk transfer solutions available across the full supply chain• CTRM vs ERP – Unlocking the Value Chain• Mitigating performance risk

5:30pm When is a contract certain – minimising legalrisks in commodities contracts• Pricing mechanisms and agreements to agree• Efficient breaches of contract• Recent cases• Outlook for commodities trading

6:00pm Networking Drinks Reception and close of day one

DAY TWOThursday 22 May 2014

8:30am Refreshments

9:00am Opening remarks by Chairperson

Gregg Doud, President, Commodity Markets Council

9:15am Global Meteorological Outlook

9:45am Risk Management from a trader’s perspective• Trader’s approach to hedging market risk

– Risk management v exchange trading– Risk correlation in a global operation

� • Evaluating non performance risks in each trade� • Risk management platforms

10:30am HFT Debate: This house believes that HFTposes systemic risks to grain markets While its supporters argue that HFT creates liquidity within markets, its opponentsmaintain that HFT makes markets less reliable and more volatile. Two teams willtake the stage, and each will present opening arguments and engage in adebate about a proposition with a genuine desire to sway the audience

Moderator:Haim Bodek, Haim Bodek ConsultingFor the motion: Eric Scott Husnader, Founder, NanexHeather Koch, Principal, Icarus Trading Against the motion: Sal Gilbertie, President and co-founder, Teucrium Trading LLC

11:30am Coffee & networking

12:00pm Assessing the potential impact of financialregulations on grain trading• The latest developments in regulation• What do Dodd Frank SEF rules mean for the trading and clearing of swaps?• What should traders be doing to prepare for the current changes?

Rene Friedman,Global Head of Legal andCompliance, FC Stone

12:30pm US Ethanol Industry Analysis: Will ethanolexports continue increasing allowing the USindustry to escape the US domestic blend wall?• How has government policy impacted the grain markets in the past

ten years?• What would a change to the Renewable Fuel Standard (RFS) mean for

the industry in the short and long term?• Has US ethanol demand topped out?

Brian Jennings, Executive Vice President, American Coalition for Ethanol

1:00pm Close of conference followed by lunch

Tel: +1 212 901 3828 Email: info@ggrain.com Web: www.globalgrainevents.com/chicago

VENUEHyatt Regency Chicago151 East Wacker Drive, Chicago, Illinois, USA, 60601

T:+1 312 565 1234F: +1 312 239 4414

Simply the best. Discover the difference between a hotel and a Hyattwhen you stay at our incomparable downtown Chicago, Illinoishotel. Set within the epicenter of the city, our AAA Four DiamondHyatt Regency Chicago is conveniently connected to the IllinoisCenter and within minutes of the Magnificent Mile. Sway to theelectrified beat of Chicago blues and jazz greats, take in a show atNavy Pier, shop on Michigan Avenue, or enjoy a day in the park oron the water. Our cosmopolitan downtown Chicago, Illinois hotel iscentral to it all.

Booking your accommodation:Upon registration, delegates will receive an accommodation bookingform by email to be completed and returned direct to the hotel.

SPONSORSHIP & EXHIBITION OPPORTUNITIESGlobal Grain Events inaugural Global Grain Chicago Conference offers a perfect opportunity to showcase your company and services in frontof a senior international audience. Promotional opportunities include:

HOSPITALITY SPONSORNetwork with and welcome potential clients with prominent brandingthroughout cocktail receptions and refreshment breaks

ONSITE BRANDING SPONSORBespoke options, such as delegate bag sponsorship, to improve yourexposure at the event

EXHIBITION OPTIONSExhibit at Global Grain Chicago 2014 and your company will receivemaximum exposure. Please note we limit the number of stands atGlobal Grain Events in order to maintain the advantages of exhibitingand keep the ideal balance between delegates and exhibitors. It is agood idea to reserve a stand as early as possible.

USE THIS OPPORTUNITY TO:lGenerate new businesslMeet international and local customersl Promote your companyl Enhance your presencel Stand out from the crowd

For sponsorship & exhibition opportunitiesand availability please contact:Melissa KrocTel: +44 (0) 207 779 8545Email: mkroc@ggrain.com

BOOKING CONDITIONSRegistrations can only be confirmed upon receipt of payment or proof of payment and discounted fees will only apply when payment is received within the offer period. If you are not able to attend, a substitute delegate will be accepted. Cancellationsmust be received in writing before May 5, 2014 to qualify for a full refund less US$200 administration fee. It may be necessary for reasons beyond the control of the organisers to alter the content, timing and venue. In the unlikely event of theconference being cancelled or curtailed due to any reason beyond the control of Global Grain Events, or it being necessary or advisable to relocate or change the date and/or location of the event, neither Global Grain Events, nor its employees will beheld liable for refunds, damages and/or additional expenses which may be incurred by delegates. We therefore recommend prospective delegates arrange appropriate insurance cover.

May 20-22, 2014 • Hyatt Regency, Chicago, USA

GLOBALNORTH AMERICAGRAIN

Tel: +1 212 901 3828 Email: info@ggrain.com Web: www.globalgrainevents.com/chicago

A STRATEGIC OUTLOOK ON NORTH AMERICA’S PHYSICAL ANDFINANCIALLY TRADED GRAIN MARKETSAfter the success of our inaugural event last year, Global Grain will be returning to Chicago in May. The event once again promises internationallyrecognised speakers as they discuss supply & demand factors from around the world as well the fundamental issues important to your business. Thiswill be combined with world class networking opportunities which our events are known for through cocktail receptions and networking breaks.

TICKET OPTIONS AND PRICES

Register before March 28 and SAVE US$100

Price: US$1,395 (standard rate US$1,495)

Group bookings: Register more than one delegate and save an extra US$100 off each additional ticket!

HOW TO REGISTER:Visit www.globalgrainevents.com/Chicago-Registration to pay by credit card or request an invoice for bank transfer

DELEGATE ENQUIRIES:

If you would like to speak to a member of the Global Grain team for further information on this event,please call US +1 212 901 3828 / UK + 44 (0) 20 7779 7222

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