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Commodities Broker
Commodity Broker #1178


Pathway:
Business, Information Management and Marketing

Challenges:
 Challenge No. 1

Standards:
There are McRel or MCTM standards for this career.

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Career Profile:
Commodity Broker #1178

This commodity broker grew up on an Iowa farm, but wasn't interested in farming. Today, farmers and grain elevators rely on him to make their transactions at the Chicago Board of Trade. He also helps clients make good decisions by providing them with up-to-date information about the markets.

After earning a degree in agricultural business, he started a career as a grain merchandiser. He eventually went to work as a commodity broker, which required him to take a licensing exam.

He says writing and public speaking skills are just as important as math, economics and business knowledge. He says he enjoys his career because it connects him to the land and the way of life he knew as a child.

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Ask the Professional

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Will you tell us about your current position? AUDIO TEXT
Are you able to get the prices that customers want? AUDIO TEXT
What is the average salary for this career? AUDIO TEXT
How many years did you have to go to college? AUDIO TEXT
What do you think the job outlook for this career is? AUDIO TEXT
How many customers do you deal with per day? AUDIO TEXT
What makes one day busier than another? AUDIO TEXT
What is the typical commission and margin requirement? AUDIO TEXT
Do you think corn will ever hit three dollars? AUDIO TEXT
How do you communicate what you are buying and selling with the trading floor? AUDIO TEXT
What do you like most about your job? AUDIO TEXT
What do you dislike about your job? AUDIO TEXT
Are we going to see soybeans hit eight dollars? AUDIO TEXT
Do you work on days when the Chicago Board of Trade is not in session? AUDIO TEXT
Do you think there will ever be futures contracts for horticultural and other non-traditional crops? AUDIO TEXT
What kinds of classes should college students concentrate on? AUDIO TEXT
What is the secret to keeping your customers happy even when the market isn’t doing what they would like to see? AUDIO TEXT


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