Commodity Trading Training for
Physical Grain & Oilseed Markets
Physical Grain & Oilseed Markets
Fryer’s Trading Academy is a practical agricultural commodity trading course covering physical markets, cash trading, commodity analysis, futures, options and hedging.
Choose the training that fills your knowledge gap from understanding crops, contracts and basis to managing commodity price risk.
Choose the training that fills your knowledge gap from understanding crops, contracts and basis to managing commodity price risk.
Fryer's Academy Overview
Created to mark 25 years of the Fryers Reports, Fryer's Trading Academy replaces fragmented, informal learning with a structured understanding of how the physical and financial sides of agricultural commodity trading connect.
See Curriculum
Complete market picture
Connect crops, contracts and cash prices with analysis, futures and hedging.
Faster junior onboarding
Accelerates new hires’ time to productivity by six months through structured training.
Senior time protected
Move 23+ hours of mentoring off the desk, focusing it on live commercial decisions.
Measurable progress
Use exercises and examinations to identify gaps before taking on greater responsibility.
Who the Academy is for
Fryer's Trading Academy is designed for professionals working in or entering physical grain and oilseed markets. It teaches the commercial market behind the commodity.
Understand the terminology used across trading, execution, analysis and risk teams, and how cash prices, futures and basis connect.
Understand basis
Connect cash prices with futures
Know what matters
Interpret the data, reports and signals commodity desks monitor
Think independently
Build your own market view
Choose the commodity trading course
that matches your knowledge gap
that matches your knowledge gap
Market Fundamentals & Cash Trading
Understand how physical agricultural commodities are produced, traded, priced, executed and delivered.
Who it is for:
New hires and junior traders, originators and merchandisers
Execution, procurement, commercial and market-analysis staff who need a stronger understanding of contracts, cash pricing, basis and delivery
Professionals moving into grain and oilseed markets from finance, banking, risk management or another commodity sector
What you will learn:
How major crops are grown, traded and transported
Agricultural market structure, quality and specifications
Contracts, Incoterms and the lifecycle of a physical trade
The roles of traders, execution teams and other participants
Cash-trading risks and the relationship between cash and futures
Basis and its role in physical pricing
After completing the course, you will be able to:
Follow a physical trade from production to delivery
Understand what affects the value of a physical commodity
Interpret cash prices in relation to futures and basis
Recognise the main risks within a physical trade
What's included with your Academy course:
Industry Network
Join the Fryers Trading Academy alumni group, connect with grain and oilseed professionals and continue building relationships after completing the course.
Practical Examinations
Apply the material throughout the course and complete an examination at the end of each module. A score of 70% is required to progress.
Certificate of Completion
Receive a certificate after completing the required lessons and assessments for your selected course and share with your network on LinkedIn.
Bi-Weekly Live Sessions
Ask Dr Rory Deverell questions, present exercises and discuss how the concepts covered in the course apply within agricultural markets.
Annual Graduation Dinner
Celebrate your achievement and meet fellow agricultural market professionals at the Academy’s annual dinner before the European Commodities Exchange.
Fully Remote
Access lessons, exercises, examinations and live sessions from anywhere, completing the programme alongside the responsibilities of your full-time role.
50+ On-demand Videos
Access more than 23 hours of core learning through over 50 on-demand videos, organised across four connected Academy modules.
One Year of Access
Complete the programme over six months alongside your full-time role, with continued access to all course materials for one full year.
Delivered in English
Complete every lesson, exercise and examination in English, with all bi-weekly live sessions also delivered entirely in English throughout.
Learn from word class agricultural
market experts
market experts
Learn directly from Dr. Rory Deverell, with more than 15 years of experience across physical trading, futures and options brokerage and risk management, and Noel Fryer, with more than 50 years in grain trading, commodity research and European trading-desk leadership.
Dr. Rory Deverell
Founder CEO, Expert Report Writer
• PhD research on biofuels, farm economies, and land use
• 12 years as a futures and options broker and risk management consultant at StoneX
• 2 years of physical trading experience with R&H Hall
• 3 years writing the Fryers Reports and building Black Silo
• Lived and worked on the family farm growing crops and developing risk management plans
• 15+ Years of Experience in total
Noel Fryer
Senior Advisor
• 5 years as a trader at Cook Industries and Louis Dreyfus, covering physical grains, futures, and premiums
• Founder of the Research Department in Paris at Louis Dreyfus
• 5 years as Head of the European trading desk at Louis Dreyfus
• President of the first committee to design a French futures market
• Creator of an international trading arm for Champagne Céréales
• Founder and original author of the Fryers Reports
• 50+ Years of Experience in total
Explore the Academy Curriculum
Review the four modules covering the physical market, commodity analysis, cash trading and price-risk management.
FAQs
What is Fryer’s Trading Academy?
Fryer’s Trading Academy is an online agricultural commodity trading course for professionals working in or entering physical grain and oilseed markets. It covers market fundamentals, commodity analysis, cash trading, physical pricing, basis, futures, options and hedging.
Who is Fryer’s Trading Academy for?
The Academy is designed for junior traders, originators, merchandisers, commercial analysts and professionals entering commodity markets from agriculture, finance, banking, risk management or supply chain. It also supports trading, origination and processing companies that need structured training for new commercial staff.
Which commodity trading course should I choose?
Choose the course that fills your specific knowledge gap:
• Market Fundamentals & Cash Trading covers crops, physical markets, contracts, Incoterms, execution, cash pricing and basis.
• Commodity Analysis, Futures & Hedging covers market data, analysis, futures, options and price-risk management.
• Complete Commodity Trading Course connects all four modules for an end-to-end understanding of physical and financial commodity markets.
• Market Fundamentals & Cash Trading covers crops, physical markets, contracts, Incoterms, execution, cash pricing and basis.
• Commodity Analysis, Futures & Hedging covers market data, analysis, futures, options and price-risk management.
• Complete Commodity Trading Course connects all four modules for an end-to-end understanding of physical and financial commodity markets.
Are the courses divided by experience level?
No. The courses address different knowledge gaps rather than fixed levels of seniority. A junior trader who understands physical markets may be ready for Commodity Analysis, Futures & Hedging, while an experienced finance professional entering grain markets may need Market Fundamentals & Cash Trading first.
Do I need previous commodity-trading experience?
No previous commodity-trading experience is required for Market Fundamentals & Cash Trading or the Complete Commodity Trading Course. Commodity Analysis, Futures & Hedging is best suited to participants who already understand physical agricultural markets, contracts, cash pricing and basis.
What does your team need next?
Follow daily grain and oilseed markets with Fryer's Reports
Bring current and historical cash prices into your systems with Data & API
Train junior staff in physical pricing, basis and hedging with Fryers Trading Academy
Build or review your commodity price-risk approach with Risk Management Consulting
Tell us where your team needs support, and we’ll help you find the right place to start.
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