CAREERS AT LANSING TRADE GROUP

Position: Graduate Trader Program
Date: Starting June of each year

General Summary

Lansing Trade Group is a trading company largely focused on the movement of physical commodities. We trade whole grains, feed ingredients, biofuels, freight and many other commodities within North America and internationally.

The company is headquartered in Overland Park, Kansas and has multiple U.S. offices as well as international offices in Geneva, Switzerland; Sao Paulo, Brazil and Chatham, Ontario. The company controls over 12 million bushels of elevator space through ownership or lease arrangements across the U.S. as well as various other strategically located storage and handling facilities for other commodities we trade.

Our graduate traders learn the fundamentals of the commodities business by rotating through different trading locations for six month increments, which expose trainees to different businesses and commodities traded at Lansing. The trainee should expect to rotate into a minimum of four locations, starting at our headquarters in Overland Park, KS and be flexible on relocation to other Lansing offices participating in the program at a later date. You will receive a broad and hands-on experience into all aspects of our business including buying and selling of commodities, daily analysis of markets and price developments and an understanding of Lansing's internal matrix.

Primary Duties & Responsibilities

Priorities: (job knowledge, accounting/management, business development, profitability, corporate contributions)

Priority and emphasis during the 6 month training rotations will be placed on the following:

• Define Lansing's policies and procedures
• Explain and familiarize trainee with Lansing's accounting system and "paper work" flow
  • Understanding of how contracts are written; basis price, price market zone, freight adjustment
  • Understanding of all daily reports; DPR, Unshipped, A/R
  • Utilization of LTAS and CMS
  • Familiarization of "line-up" purchase contract, sales contract, load numbers and freight rates
• Introduce and familiarize trainee with basic trading terminology
  • Bid/Offer
  • FOB/Delivered
  • Trading phrases
  • Reseller/Broker
  • Flat price vs. Basis
  • Tons vs. Bushels
• Explain trading and logistic dynamics
  • NCPA trade rules and quality specs
  • Modes of transportation and related price structures
  • Rail car billing
• Introduce and implement concept of "relationship building"
  • Ethics
  • Teamwork within Lansing
  • Communication
• Familiarize trainee with basic tools and concepts of trading
  • Arbitrage
  • Time spreads
  • Geographic spreads

Travel
Trainee will conduct site visits to facilities, elevators and/or customers while in each rotation in accordance to the location's needs. Travel will be limited per rotation and scheduled with ample notice to the trainee.

Routines
Daily and weekly routines will be set per rotation by the Location Manager.

Background Required:

A four year college degree and a minimum of five years of grain merchandising experience.

You may also complete our job application and forward it to Lea Nickell.

Benefits
You are looking for a company that offers the right benefits just for you.

If you are financially savvy, you'll appreciate our retirement plan that not only allows you to defer a portion of your salary, as other 401(k) plans do, but also requires LTG to match 5% of your salary and bonus which is immediately vested. That feature alone would make it one of the best in the industry, but LTG also contributes another discretionary percentage of your salary as part of our profit-sharing plan to ensure this program is second to none!

In addition to our medical and dental insurance that is provided for on a shared 80/20 percentage basis, LTG also offers medical savings and dependent care savings accounts which allow you to set aside pre-tax money for those necessary and planned expenditures not covered under our other plans.

You will also appreciate the Life Insurance; Accidental Death & Dismemberment Insurance; and Long-term Disability Insurance we offer to all full-time employees. Again, LTG provides benefits that allow you to meet your personal and financial needs.

Finally, our educational reimbursement plan illustrates our commitment to our employees and their professional growth. LTG provides for tuition reimbursement for both undergraduate and graduate courses that are in the best interests of both LTG and the employee.

Since LTG is an employee owned company, we share your focus on flexibility, family and financial security.