No purchase necessary. A purchase does not improve your chances of winning.
The MarketMaxx Grain Marketing contest is open to anyone 18 years of age or older who is actively engaged in farming and has not served as a licensed commodity broker within the last 5 years. Further, the contest is open only to legal residents of the continental U.S. Employees of Massey Ferguson, Syngenta Crop Protection, Mid-Tech, Crop 1 Insurance, Chicago Board of Trade (CBOT) and Primedia, their respective parents, subsidiaries, affiliates, advertising and promotion agencies and their family members (defined as parents, spouse, children, siblings, grandparents) and/or those living in the same household are not eligible to enter.
You can enter by going to www.MarketMaxx.net and clicking on “Sign Up to Play.” Only one contest entry per person will be permitted. Entries can be submitted at anytime up to June 1, 2005, but it is preferred that participants enter prior to January 1, 2005. Sponsors will not be responsible for lost or misdirected entries. The only way to enter is online via the Internet.
Each participating entrant will be given a simulated volume of 100,000 bushels of corn and 50,000 bushels of soybeans as a marketing base at the time they enter the contest. Entrants will place simulated sell orders in quantities on dates and times of their determination during the course of the contest.
All entrants must have submitted orders to price 100,000 bushels of corn and 50,000 bushels of soybeans by Oct. 31, 2005. Anyone who does not do this will not be eligible to win. On October 31, 2005, the entrants who have achieved the highest average selling price per bushel for corn and the highest average selling price for soybeans will each be determined winners, provided they meet all contest rules and requirements.
Contest participants can sell and buy back 2005 CBOT soybean and 2005 CBOT corn futures or options in 5,000 bushel increments during market hours (the system uses 10-minute delayed quotes) as often as you want during the market hours. At-the-market futures and options orders will be filled within 10 minutes of submitting the trade if submitted within exchange trading hours. If submitted after hours, orders will be filled when the market opens the next day. Set price and stop order trades will be filled when the set price or stop is realized.
Participants can make cash sales in any full-bushel increment at any time. At-the-market cash orders will be filled within 10 minutes of submitting the trade. Cash orders above-the-market will be filled when the set price is realized. Participants cannot sell more of a commodity than they own.
Any open order can be deleted before the trade is filled. Each participant's net position cannot be negative and may not exceed 100,000 bushels of corn or 50,000 bushels of soybeans at any time during the contest. A net position is defined as the sum of cash positions, long futures and long call options less the sum of short futures, long put options and short call options.
Entrants agree to be bound by the rules of the MarketMaxx grain-marketing contest. The contest will take place under the supervision of The Corn And Soybean Digest, whose decisions are final. The winners will be notified by mail on or about November 10, 2005. To obtain a list of winners, send a self-addressed stamped envelope after November 10, 2005.
Two major prizewinners will be awarded. The corn winner will receive a year's use of a Massey Ferguson 9000 Self-Propelled combine. The soybean winner will receive year's use of either a Massey Ferguson 7400 or 8400 series tractor. The sponsors make no warranties with regard to the prizes. Prizes are not transferable. No substitutions of prize allowed by winner, but Sponsors reserve the right to substitute a prize of equal or greater value due to prize unavailability. Prizes are not redeemable by winner for cash value. Sponsors reserve the right to offer additional prize winning categories during the contest.
Registration to participate in the contest constitutes permission to use the winner's name, picture, likeness and city and state of residence for purposes of trade, publicity or promotion for no additional compensation except where prohibited by law. Submission of an entry constitutes entrant's consent to irrevocably assign to Sponsors any and all rights to their entry including, but not limited to, intellectual property rights.
The winners will be required to pay all taxes on prizes won.
All entrants release Sponsors, their affiliates, parents, subsidiaries, directors, officers, employees and agents, and all others associated with the development and execution of this from any and all liability from injury, loss or damage of any kind resulting from participation in this promotion or acceptance or use of any prize.
Failure to execute and return any requested document within fourteen (14) days of postmark, or return of notification or prize as undeliverable may result in forfeiture of prize and an alternate winner will be selected.
Void where prohibited or restricted by law. All federal, state and local laws and regulations apply. Complete rules listed on www.MarketMaxx.net