Senior Commodities Trader

Land O'Lakes, Inc.; United States; Remote; USD 105,000 - 158,000; Full time

Job summary

An established industry player is seeking a Senior Commodities Trader to manage and grow their Soybean Meal Risk program. This role involves collaborating with various teams to execute risk strategies and maintain relationships with clients. The ideal candidate will possess strong knowledge of soybean meal markets and the ability to navigate complex trading environments. Join a dynamic team where your expertise will contribute to the success of a Fortune 250 cooperative, recognized for its innovative approach to the food business and commitment to employee well-being.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

PTO

Life & Disability Insurance

Education Assistance

401(k)

Well-being Resources

Qualifications

• 5+ years of experience in commodity trading management required.
• Strong knowledge of soybean meal markets and risk management.

Responsibilities

• Manage soybean meal risk for approximately 90 feed mills.
• Build and maintain customer relationships while expanding the customer base.

Skills

Commodity Trading Management

Negotiation Skills

Risk Management

Customer Relationship Management

Supply & Demand Fundamentals

Grain Markets Understanding

Logistics Management

Critical Thinking

Education

Bachelor's Degree in relevant field

Associate's Degree in relevant field

Job description

Senior Commodities Trader

Senior Commodities Trader

Apply locations Virtual (USA) time type Full time posted on Posted 5 Days Ago job requisition id R-34779

This position is responsible for growing and managing our Soybean Meal Risk program. The role, as part of a team, manages soybean meal risk for approximately 90 feed mills. The individual will play a critical role in guiding and executing soybean meal risk strategy to both internal and external players. The position is responsible for building new customers and maintaining existing relationships. The position works cross-functionally within the NutraBlend business division, working closely with both the Direct Ship team and the Central Plants team. Strong knowledge of soybean meal markets – both futures and flat price, S&D, negotiation skills, and the ability to think and react quickly are necessary for success in this position.

In this role, you will be:

• Responsible for contributing to growth within our Merchandising business unit.
• Working cross-functionally within the Purina Animal Nutrition business unit.
• Providing customers with ingredients that meet specifications at competitive prices and with market information that helps them incorporate their risk management tools.
• Working with existing clients on Soybean Meal risk management opportunities.
• Expanding the customer base and looking for cross-selling opportunities.
• Independently exercising good business judgment and discretion in marketing and planning efforts. Establish priced positions that work for our customers and provide profitable opportunities for the company.
• Demonstrating a high level of understanding for managing logistics and arbitrage and capturing arbitrage opportunities when available.
• Maintaining current knowledge of feeding economics and the relative value of competing ingredients and can articulate the same with customers and internal partners.
• Understanding and demonstrating the ability to implement and abide by risk management policy and procedures.

Required Experience/Education:

• Bachelor's Degree and 5+ years of commodity trading management experience in Soybean, Canola processing or related field. Associate's Degree and 10+ years commodity trading management experience in Soybean, Wheat, Canola processing or related field.
• Possess a vast knowledge of Supply & Demand Fundamentals both domestically and globally.
• An understanding of animal nutrition and the relative values of commodities.
• Demonstrated understanding of grain markets, hedging, commodity flows, and logistics.
• Ability to travel, as needed.

Preferred Experience/Education:

• Bachelor's Degree and 7+ years of commodity trading management experience in Soybean, Canola processing or related field. Associate's Degree and 12+ years commodity trading management experience in Soybean, Canola processing or related field.
• Proven critical thinking skills and ability to drive strategy forward.
• Demonstrated exceptional customer service skills and relationship building capability.
• Knowledge of the agricultural industry’s trading standards and procedures.
• Strong knowledge of soybean meal markets – both futures and flat price, S&D, negotiation skills and the ability to think and react quickly are necessary for success in this position.
• Exceptional oral and written skills along with strong organizational skills.
• Strong business acumen, and ability to read balance statements.

Preferred Competencies/Skills:

• Evaluate and advise strategy for the trading business.
• Comprehension of short and long-range fundamentals of a product(s) marketplace is central to the role's value in the Business Unit.
• Expected to problem solve in the midst of execution and day-to-day execution issues.
• Develop and maintain extensive and varied business relationships in the marketplace.

Salary Range:

$105,040 - $157,560

About Land O'Lakes, Inc.

Join us and be part of a Fortune 250, farmer- and member-owned cooperative that is reimagining the business of food. We have been named a Top Workplace by Indeed and LinkedIn, and to the TIME 100 Most Influential Companies list.

Benefits for most full-time roles include medical, dental, vision, PTO, life & disability insurance, education assistance, a 401k and a variety of well-being resources. Most part-time employees are eligible for prorated PTO, holiday pay, employee development programs, prorated education assistance, and a 401(k).

Land O'Lakes, Inc. is an Equal Opportunity Employer (EOE) M/F/Vets/Disabled. The company maintains a drug-free workforce, including post-employment substance abuse testing pursuant to a Drug and Alcohol Policy.

Neither Land O’Lakes, nor its search firms, will ever contact you and ask for confidential information over the phone or in email. If you receive a call or email like this, please do not provide the information being requested.