SECOND AMENDMENT TO MASTER LOAN AGREEMENT

Exhibit 10.1

SECOND AMENDMENT

TO

MASTER LOAN AGREEMENT

THIS SECOND AMENDMENT TO the Master Loan Agreement (“Amendment Agreement”) shall be effective the 1^st day of April 2009 by and between Deere Credit, Inc. (“Deere”) and FCStone Financial, Inc., an Iowa corporation (the “Borrower”).

RECITALS

A. Borrower and Deere entered into a Master Loan Agreement dated as of April 15, 2002, and a First Amendment to Master Loan Agreement dated November 3, 2003, that also govern the Transaction Documents referenced therein.

B. The parties hereto desire to further amend the Master Loan Agreement to eliminate provisions for future advances under the Note(s) or Transaction Documents.

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, including the mutual promises and agreements contained herein, the parties hereto hereby agree as follows:

1. Definitions. Capitalized terms used herein without definition shall have the definition given to them in the Master Loan Agreement, dated April 15, 2002, or as defined by the Transaction Documents referenced therein, as may be amended, if so defined therein.

2. Amendments to Master Loan Agreement. The parties hereto agree that:

“Notwithstanding the foregoing, no additional Advances shall be available to Borrower from Deere under any Note entered into pursuant to this Agreement after March 31, 2009.”

3. Borrower’s Representations. Borrower hereby represents and warrants that, after giving effect to this Amendment Agreement and the transactions contemplated hereby, no Event of Default has occurred and is continuing under the Master Loan Agreement or other Transaction Documents.

4. General Provisions.

each of the other Transaction Documents, are hereby ratified and confirmed and shall continue in full force and effect and be binding upon the parties thereto. Any direct or indirect reference in the Transaction Documents to the “Master Loan Agreement” shall be deemed to be a reference to the Master Loan Agreement as amended by this Second Amendment.

5. Governing Law. This Amendment Agreement shall be governed by and construed in accordance with the laws of the State of Iowa.

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Master Loan Agreement to be executed by their duly authorized officers as of the date shown above.