Experience

Farmwise Grains (PTY) Ltd

• South Africa
• Farming
• 1 - 100 Employee

• Senior Trader

  • Jul 2007 - Present

  -Managing open and countervailing positions, contract administration and analysis. -Fully understanding of the back office reporting and liaising with clients (call accounts, margins, booking fees etc.) -Communicate timely information to clients. -Contracting on behalf of the company – responsible for counter party risk and credit risk in the back to back trades. -Develop and maintain a relationship with a portfolio of clients including farmers, millers and crushers. -Executing trades on behalf of clients and in house orders in the Agricultural and Currency Market. -Managing and executing hedge strategies (future and option contracts) for clients on the JSE platform for wheat, maize, sunflower seed and soybeans. -Reporting and confirmation of daily trades done. -Review and report on daily trade admin. -Capturing data in excel to create monthly reports for weekly/monthly meetings. -Liaising with an input financing company and broking on behalf of their clients in the futures market as well as selling the client’s physical grains and oilseeds. -Obtaining relevant market data in assessing market analysis (Supply and demand estimates; graphs; daily market reports) -Physical Trading responsibilities -Procurement of grains and oilseeds from farmers, co-operations and traders. -Negotiating basis premiums with farmers and end users of the physical product. -Managing stock levels -Executing ex-silo and ex-farm trades to relevant parties. -Analysing and implementing calendar spreads to save storage and interest costs. -Managing physical delivery contracts )logistics and administration) -Executing and confirming of the trade to parties involved. -Creating contracts that serve as written confirmation to the buyers and sellers. -Calculating storage, interest and handling costs due by seller relating to silo certificates. Show less