Eastern Rail Trader

Louis Dreyfus Company • Kansas City, MO

7d • Onsite

About The Position

This position is responsible for the origination of and logistics coordination of rail grains and oilseeds into LDC’s export terminals, river terminals and processing assets.

Requirements

• 5+ years of experience in an agribusiness firm in a merchandising or trading capacity
• Thorough understanding of grain markets, basis trading and rail logistics
• Three or more years of direct position ownership & experience with logistics management
• Demonstrated strong negotiating skills and commercial understanding combined with the right commercial attitude and results orientation
• Capability to consolidate global and domestic market drivers into a point of view and executable trading strategy
• Strong analytical skills and the ability to select relevant information from a flow of information (distinction between main and side issues)
• Demonstrated ability to manage trading risks
• Knowledge of demurrage/despatch concepts
• Familiarity with current commodity transportation issues
• Proficiency with MS Excel, database administration and online systems/websites
• Knowledge of fundamentals of grain accounting, basis/flat price trading and futures markets
• Knowledge/Ability to set up accruals for freight, costs, demurrage, etc.
• Strong organization skills & the ability to prioritize multiple tasks, prioritize workload and meet tight deadlines
• Thorough knowledge of futures markets, hedging and arbitrage
• Strong written and verbal communication skills
• Must be a motivated self-starter

Nice To Haves

• Degree in Agricultural Economics, Agriculture Business or related degree
• Strong organizational skills, and the ability to prioritize multiple tasks, prioritize workload and meet tight deadlines.
• Experience utilizing and reviewing reports within Power BI.

Responsibilities

• Gather news, statistics and information related to individual commodity supply and demand from customers and trade sources, and distribute that information to the remainder of the group to support overall strategic trading/positioning (i.e., contributes to research function).
• Proposes and take new SE rail trade opportunities based on collected information.
• Stay abreast of market developments, ensuring timely group updates & interpretation of market data
• Use historical information to analyze pricing trends and project forward market pricing outlook
• Engages in trade and balance sheet discussions around premium and flat price positions
• Ensure positions are accurately reported and daily P&L’s tie out
• Works closely with Burns Harbor, Export Group, and ethanol group to define origination strategy & ensure regional alignment
• Active participant in discussion around US corn premium positioning.
• Manage the implementation & execution of the US corn premium/basis strategy with a focus on Southeast flows.
• Receives rail applications from third parties and manages the trains timely billing to destinations.
• Responsible for billing of all trains, internal or third party, or determining designated billing party if LDC does not bill the train.
• Communicate with country rail terminals daily with goal of buying and increasing grain purchases.
• Devise and execute origination strategies for commodities.
• Works to achieve “last right of refusal” relationships with various Co-ops and commercials elevators
• Compose regular market wires, position updates and strategy plans.
• Build and strengthen long term relationships with customer base, attending industry sponsored events and customer visits.
• Ensure contracts are entered and fills/ settlements are completed timely.
• Works with execution, and A/P group to ensure prompt payment of invoices.
• Assists in the resolution of execution questions.

Benefits

• Comprehensive benefits program including medical, dental and vision care coverage, flexible spending account plans, employee assistance program, life insurance and disability coverage
• 401k with Company Match
• Family Friendly Benefits including childbirth and parental leave, fertility and family building benefits
• Paid Time Off (PTO) and Paid Holidays
• Flexible work available (not applicable to all roles)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees