Title: Identify the basics of the futures market.
Course: Agricultural Business Management III (18201-36) > Section: Investigating Commodity Markets, Futures Markets, and Hedging Contracts

Identification should include defining a futures market as an auction market in which participants buy and sell commodity and futures contracts for delivery on a specified future date.

Process/Skill Questions:

- What are the basics of a futures market?
- What are futures contracts?
- How do producers and suppliers negotiate futures contracts?
- What are some basic rules to follow for successful futures trading?