This position is responsible for specifically developing trading strategies for bi-products as related to our canola processing and pea protein isolate manufacturing, which is canola meal and starch respectively. This role will also support with all other canola oil trading strategies focused on maximizing the return, as well as making recommendations and executions of premium and future trade strategies and assistance to origination strategies. The primary markets of these bi-products include but are not limited to pet foods and feed markets. Primary duties and responsibilities include:
- Develop canola meal and starch and related strategies to maximize realized commercial margin of LDC’s Canadian production assets.
- Develop and manage a starch trading book and P&L
- Manage commercial relationships with various starch users in feed, pet food and industrial usage applications, mainly -but not exclusively – focused on Canada and US flows.
- Represent LDC within key industry organizations to protect and advance LDC’s strategic interests in the starch ingredients sector.
- Guide local commercial team in developing merchandising strategy for starch sourcing and starch product sales linked to LDC’s processing footprint.
- Works with the origination team and digital teams to assist in development and use of a functional & user-friendly CRM to enhance merchandising & risk management.
- Co-ordinate global discussion on starch and actively contribute to cross-product line strategy discussions.
- Facilitate preparation and review of the starch balance sheet (supply/demand, industrial use, exports).
- Conduct market research and data analysis on national and international starch trading trends, as well as maintain deep understanding of relevant trends, issues or opportunities within the market which could impact trading.
- Mentor developing talent through 1:1 engagement and regular group post-close market discussions.
- Participate in strategic planning discussions.
- Other duties as assigned.