Grains and oilseeds outlook and marketing strategies for 2018.

1. PARRISH & HEIMBECKER, LIMITED
“MARKETING CHALLENGES & OPPORTUNITIES”
Stephen Kell
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2. USDA - Corn

3. US Corn Use

4. US Corn : Stocks to Use

5. Stocks to Use – Relates to Price

6. Location of Sotcks - Corn

7. The “Shape” of the Corn Market

8. The “Shape” of the Corn Market
 ‘14. ‘15,’16, & ‘17 all had big
corn crops.
 Stocks to Use ratio’s over
12% in all 4 years
 The December futures
contract never goes off the
board higher than it was in
January.
 We get a weather rally in
June or July
 Corn price collapses after
pollination.

9. USDA - Soybeans

10. Growth in US Soybean Demand

11. Growth in World Soybean Demand

12. Chinese Soybean Demand

13. Soybean Demand Pull

14. Soybeans – Stocks to Use & Price

15. Ontario Soft Wheat

16. USDA Wheat – Supply and Distribution

17. USDA Wheat – Stocks by Class

18. Marketing Wheat in a Carry

19. Marketing in an inverse

20. Growth in Global Demand

21. World Coarse Grain - Demand exceeds Supply

22. Managing Currency Risk
 US Grain Price
 CBOT Jan Soys $10.05
 US Basis $ -0.25
 US dollar cash price $ 9.80
$0.72 Cent Dollar
US dollar cash price $ 9.80
At a $0.72 Cdn $ $13.61
CBOT Jan Soys $10.05
Canadian Basis $ 3.56
Canadian Cash Price $13.61
$500.07 per tonne

23. Managing Currency Risk
 US Grain Price
 CBOT Jan Soys $10.05
 US Basis $ -0.25
 US dollar cash price $ 9.80
$0.80 Cent Dollar
US dollar cash price $9.80
At a $0.77 Cdn $ $12.25
CBOT Jan Soys $10.05
Canadian Basis $ 2.20
Canadian Cash Price $12.25
$450.10 per tonne

24. US Dollar

25. New Milling Capacity