FOR IMMEDIATE RELEASE
Contact: Kelly Sherman
Downes-O’Neill
Kelly.Sherman@FCStone.com
(312) 456-3618
EXPERTS TO CONVENE TO DISCUSS GLOBAL
FOOD SUPPLY AND DEMAND, RISING FOOD PRICES, AND POTENTIAL SOLUTIONS
Downes-O’Neill/FCStone Outlook
Conference to Bring Together Analysts and Authorities on Grains, Livestock,
Dairy, Biofuels, and World Weather Outlook
Chicago, May 1, 2008 – Downes-O’Neill,
a division of FCStone, LLC, today announced the agenda for its 2008 Outlook
Conference, which will be focused largely on what some analysts are describing
as a looming crisis in the production, pricing, and distribution of food
supplies across the globe.
The 5th Annual Outlook
Conference, to be held June 18 – 19 in Chicago, is a gathering of respected
analysts, economists, and traders with expertise in the economic forces
governing the production and processing of food, in particular dairy and grains.
This year’s conference comes as Former
U.N. Secretary-General Kofi Annan, British Prime Minister Gordon Brown, and
World Bank head Robert Zoellick, among other global leaders, warn of deepening
shortages and rising food prices that will affect the developing world and
developed Western countries alike.
The reasons for rising food prices and
shortages, as well as practical solutions that food producers, processors and
distributors can use to deal with this growing problem, will be among the
topics discussed by the speakers at this year’s Outlook Conference.
The keynote speaker for this year’s
conference will be Todd Buchholz, former director of economic policy at the
White House, managing director of the $15 billion Tiger hedge fund, and author
of Market Shock: 9 Economic and Social Upheavals that Will Shake our
Financial Future.
Siva Yam, the president of the U.S.-China
Chamber of Commerce and a member of the advisory board of the Federal Reserve
Bank of Chicago, will address the growing importance of the Chinese economy and
its food export and export outlook.
Climatologist Drew Lerner, who also
addressed last year’s conference – and predicted this year’s harsh winter
in the U.S. – will be back to offer his predictions for global weather
patterns and their impact on growing seasons, grain supplies and food
production.
Downes-O’Neill/FCStone economist Bill
Brooks will offer his perspective on the changing fundamentals of the dairy
market and what they will mean for prices at the wholesale and retail level.
Ken Bailey, Associate Professor of Agricultural Economics at Penn State
University and a consultant to Downes-O’Neill/FCStone, also will address the
dairy market outlook, and will discuss the use of econometric models to forecast
commodity prices. And FCStone’s David Smoldt will discuss the outlook
for U.S. grain production.
Other speakers will address soft
commodities; energy and biofuels; the outlook for the U.S. dollar and world
currencies, the outlook for Latin America; and the trading of carbon credits.
The 2008 Outlook Conference will be the
first held by Downes-O’Neill to be an “all-green” conference. It
will be held at the Deloitte Building, 111 S. Wacker in Chicago, the first
multiple-tenant office building anywhere to receive a “Gold” rating from the
Leadership in Energy and Environmental Design program administered by the U.S.
Green Building Council. Attendees will be offered the opportunity by
Downes-O’Neill/FCStone to offset their share of carbon emissions
A complete agenda for the 2008 Outlook
Conference can be found at http://www.dairy.nu/outlook/outlook.asp.
Persons interested in attending this conference can contact Downes-O’Neill/FCStone’s
Kelly Czachor at kelly.czachor@fcstone.com
or 312-456-3624. Media representatives interested in covering the
conference should contact Kelly Sherman at kelly.sherman@fcstone.com.
About Downes-O’Neill
Downes-O’Neill, a division of FCStone,
LLC, trades more dairy futures and options than any other brokerage group.
Downes-O’Neill’s brokers are registered with the Commodity Futures
Trading Commission (CFTC), and are members of the National Futures Association (NFA.)
Downes-O’Neill’s eDairy division
provides the dairy industry with accurate, timely and relevant information on
dairy futures and options and dairy price-risk management.
About FCStone Group, Inc.
FCStone Group, Inc., along with its
affiliates, is an integrated commodity risk management company providing risk
management consulting and transaction execution services to commercial commodity
intermediaries, end-users and producers. The firm assists primarily middle
market customers in optimizing their profit margins and mitigating exposure to
commodity price risk. In addition to risk management consulting services,
FCStone, LLC, operates one of the leading independent clearing and execution
platforms for exchange-traded futures and options contracts. FCStone Group, Inc.
serves more than 7,500 customers and in the 12 months ended February 29, 2008,
executed 86.3 million derivative contracts in the exchange-traded and
over-the-counter markets. The FCStone Group companies work in all the major
commodity areas including agriculture, energy, renewable fuels, foods, forestry,
cotton and textile, dairy and currency exchange. Headquartered in the Midwest,
it has offices located throughout the world and is a clearing member of all
major North American Futures exchanges. FCStone Group, Inc. trades on the NASDAQ
Global Select Market under the symbol "FCSX."
There is a substantial risk of loss
in trading futures and options. Past performance is not indicative of future
results. The information and data in this report were obtained from sources
considered reliable. Their accuracy or completeness is not guaranteed and the
giving of the same is not to be deemed as an offer or solicitation on our part
with respect to the sale or purchase of any securities or commodities.
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