By Bobby Coats, Agricultural Economist
Join in Thursday, July 19, 2018 at 3:00 p.m. to hear from Milo Hamilton,agricultural economist by training and president and founder of Firstgrain, an advisory service for the world rice industry. Previously, he ran one of the largest rice buying teams for retail food products in the world. He will be talking on the three markets you should care about – India, China, and Chicago.
The two big “elephants” of rice are India and China but for the Americas rice market, Chicago is also important and watched around the world. This talk covers the interplay of India and China in determining price trends and the role of wheat in setting the value of rice long term.
Milo says, “There are a lot of misconceptions about what rice futures are and are not. In this talk I will try to add some clarity to your rice thinking. I have traded over $100 million of rice for 18 years and have advised the rice marketing chain for a similar number of years. What you object to about the rice market or do not understand might actually improve your bottom line. I provide a context for how you view the world of rice. You need to understand how trends happen and turn around. The next one to two years will be exciting times for the food grains, if you can weather the current storm of diminishing profitability.”
About the presenter: For three decades Milo Hamilton has covered the world of rice for his customers. For 18 years he bought rice for Uncle Ben’s Inc., a Mars Incorporated company. For the last 14 years, his company, Firstgrain, has advised sophisticated rice firms and farmers on the market and its relationship to everything else. It focuses on long-term and short-term changes and gives others an edge. It seeks to level the playing field for rice farmers to help them prosper and to respect each other as professionals. The current clientele of Firstgrain includes CEOs of rice firms and farms across the globe. Milo Hamilton travels throughout the Americas, Europe and Asia sharing his expert message on the global rice market with these firms, farmers, associations, and bureaus.