CHS LEARNING CURVE EXAM WITH
COMPLETE ANSWERS { GRADED A+}
barge holds: -✔✔ 1450-1550 tons
MES: -✔✔ Micro-essential 12-40-00-10S
SS: -✔✔ Supplier Source
OPI: -✔✔ Off premise inventory
potassium, magnesium, sulfer -✔✔ Trio, also known as KMag
OCP: -✔✔ phosphate producer - Morocco
fob level -✔✔ price we front when making purchase
"245 pt cfr" -✔✔ cost + freight
Commodity Future -✔✔ CONTRACTUAL AGREEMENT to trade a defined
commodity on a listed exchange. Quality, quantity, delivery location, and
delivery date are all specified. Seller is required to deliver the specified
commodity on the delivery date.
Futures: -✔✔ basically fixing a future price for your crops
, Three pillars of pricing: -✔✔ where, when, what
Traders act as: -✔✔ conduits between producers and consumers (in
primary and secondary markets). They transport commodities to meet
customers' timing and delivery requirements
storage promotes: -✔✔ market stability and smooths underlying
supply/demand imbalances
BL: -✔✔ Bill of lading: a detailed list of a shipment of goods in the form of
a receipt given by the carrier to the person consigning the goods.
commodity traders are the visible... -✔✔ ... manifestation of Adam Smith's
"invisible hand" directing resources to their highest value in response to
price signals
"st" -✔✔ Short ton
"mt" -✔✔ metric ton
"Q1 2019 NOLA Urea $322 - 1500 st/mo" -✔✔ $322 per ton - 1500 short
ton offer for a Q1 strip (three months) for a total of 4500 short tons over the
entire quarter
AMS -✔✔ Ammonium sulfate = 21-0-0-24S
MAP -✔✔ mono-ammonium phosphate = 10-50-0 to 11-52-0
DAP -✔✔ diamonnium phosphate = 18-46-0
COMPLETE ANSWERS { GRADED A+}
barge holds: -✔✔ 1450-1550 tons
MES: -✔✔ Micro-essential 12-40-00-10S
SS: -✔✔ Supplier Source
OPI: -✔✔ Off premise inventory
potassium, magnesium, sulfer -✔✔ Trio, also known as KMag
OCP: -✔✔ phosphate producer - Morocco
fob level -✔✔ price we front when making purchase
"245 pt cfr" -✔✔ cost + freight
Commodity Future -✔✔ CONTRACTUAL AGREEMENT to trade a defined
commodity on a listed exchange. Quality, quantity, delivery location, and
delivery date are all specified. Seller is required to deliver the specified
commodity on the delivery date.
Futures: -✔✔ basically fixing a future price for your crops
, Three pillars of pricing: -✔✔ where, when, what
Traders act as: -✔✔ conduits between producers and consumers (in
primary and secondary markets). They transport commodities to meet
customers' timing and delivery requirements
storage promotes: -✔✔ market stability and smooths underlying
supply/demand imbalances
BL: -✔✔ Bill of lading: a detailed list of a shipment of goods in the form of
a receipt given by the carrier to the person consigning the goods.
commodity traders are the visible... -✔✔ ... manifestation of Adam Smith's
"invisible hand" directing resources to their highest value in response to
price signals
"st" -✔✔ Short ton
"mt" -✔✔ metric ton
"Q1 2019 NOLA Urea $322 - 1500 st/mo" -✔✔ $322 per ton - 1500 short
ton offer for a Q1 strip (three months) for a total of 4500 short tons over the
entire quarter
AMS -✔✔ Ammonium sulfate = 21-0-0-24S
MAP -✔✔ mono-ammonium phosphate = 10-50-0 to 11-52-0
DAP -✔✔ diamonnium phosphate = 18-46-0
