PARRISH & HEIMBECKER, LIMITED“MARKETING MADNESS”

Stephen Kell

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USDA - Corn

Year to Date US Corn Exports

US Corn : Stocks to Use

Stocks to Use – Relates to Price

Canada is Premium Value Corn

Comprehensive Economic Trade Agreement

“CETA” agreement

Signed in October of 2016, it has enabled

Canada to ship corn to EU without risk of

import levies.

Largely responsible for Ontario’s record

exports of corn to Europe through 2017 &

2018.

Solid demand exists for Canadian corn to

Europe through the 2019 calendar year.

The “Shape” of the Corn Market

The “Shape” of the Corn Market

The “Shape” of the Corn Market

‘14.’15,’16, ‘17, & ‘18 were all large

corn crop with Stocks to Use ratios

over 14%

In all 5 years the December corn

futures contract went expired at a

lower price than when it first came on to the future’s exchange.

In all 5 years the peak price of December corn occurred during a

June or July weather rally.

USDA - Soybeans

Year to Date US Soybean Exports

Explosion in US Soybean Carryout

Chinese Soybean Demand

Ontario’s Price Premium - Soybeans

U.S. : China Trade

Nearly 50% of the global soybean supply is

consumed in China.

American soybeans currently face a 25%

tariff in order to enter China.

It is factually incorrect that China will “have

to” buy U.S. soybeans,

Enormous market volatility created by one

twitter user. Can we capture those gains?

Soybeans – Stocks to Use & Price

Ontario Soft Wheat

USDA Wheat – Supply and Distribution

The Shift is On.

Corn

Soybeans

Marketing Wheat in a Carry

Questions?