Grain and Oilseed Commodity Markets Key Terms

Learn the meanings of grain and oilseed commodity markets key terms

Grain and oilseed commodity markets allow people and companies to buy commodities such as oat, corn, soybean, wheat and rough rice. In these markets you buy the products and they are delivered at a different time. When you start trading in these markets, chances are that you are going to come across the terms listed below. Learn the meanings of grain and oilseed commodity markets terms to assist you when you choosing commodities to buy.

CFTC

Commodity Futures Trading Commission (CFTC) is an independent organization that works with the U.S. Government. The main purpose of the CFTC is to protect the public and independent traders from fraud.
Commodity Futures Trading Commission website.

FGP

The Facility Guarantee Program, or FGP, is a U.S. Government program that provides payment guarantees to handle the financing of U.S. goods and services that are exported to other countries.
USA.gov to locate more information about the FGP. The Foreign Agricultural Service also provides details about the Facility Guarantee Program.

EMP

The Emerging Markets Program, or EMP, is a U.S. agricultural program that promotes the export and exchange of goods grown in the United States to all emerging markets around the world.
United States Department of Agriculture. Federal Grants Wire also supplies information about the Emerging Markets Program.

FAS

The Foreign Agricultural Service (FAS) is a section of the United States Department of Agriculture. The main responsibility of the FAS is to oversee foreign programs the USDA. They also collect market information, handle negotiations and monitor market statistics.
the Foreign Agricultural Service website for full information on responsibilities and practices of the FAS. Find reports and more FAS information at the Government Accountability Office.

TASC

The Technical Assistance for Specialty Crops (TASC) program helps farmers in the United States with funding for projects that help improve sanitary conditions, phytosanitary and technical barriers. TASC grants are designed to help farms move into the foreign exchange markets.
USDA.gov. Read the Official Export Guide for more information about the Technical Assistance for Specialty Crops Program.

QSP

The Quality Samples Program (QSP) is a U.S. Agricultural trade program that helps producers provide samples of their goods to import companies in emerging markets.
United States Department of Agriculture's website. Federal Grants Wire also provides details about the Quality Samples Program.