Before our meetings we had a bit of time to look around the city. Singapore law states that you will be fined if you are caught with chewing gum, durian, and littering. Durian is a fruit which for its taste is desired in other Southeast Asian countries, but for it's strong (bad) odor is illegal in Singapore. This most likely contributed to why the city was so clean. While walking around, I felt that I was in a city from the future!
| A view of Singapore, including the ferris-wheel and a building with a boat design on top |
The first meeting was with Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT). CME and CBOT are a risk management company that has a focus on international trade, including grain and other agricultural products and the futures and options associated with those industries. Although futures and options are way out of my comfort zone of knowledge, it was great to be exposed to them because it may not be obvious, they affect us. In particular, corn prices are always in every agriculturalists' mind and whoever has control of the market can make a big difference. Another interesting thing about the risk management portion of CME and CBOT (hedging) is that they also deal with weather risks.
| Going over the history of the CBOT |
Following our lesson on options and futures, we got to learn more about agricultural communications with Bloomberg. Bloomberg is another international company that not only supplies news to the world (including agriculture news), but they sell terminals, which is software packages that provide companies with subscriptions of constant information about anything they could need, such as market trends.
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| Margery and me in the ferris wheel Photo credit: Margery |
| Enjoying ice cream in Singapore! |
Our one and only day in Singapore was bittersweet. We got to wrap up our adventures by completing SWOT analysis for Malaysia and Singapore after spending one last day expanding our knowledge agriculturally and culturally. We were sad to be leaving this up-and-coming region in the world and our new found friends. The next day we spent flying back to good 'ole U.S.A. and parting ways to our homes and further agriculture adventures. I-CAL was one of the most amazing experiences I have ever had from an educational and networking perspective. I hope that this blog will encourage other young agriculturalists to apply for I-CAL and to also branch out and take chances. I almost didn't apply for I-CAL and looking back, if I hadn't it would have been a huge mistake.
Thanks for following and I hope you have enjoyed Shasta's I-CAL Adventures!


