The document discusses grain market strategies for marketing crops. It notes that grain prices were bullish in May and June due to factors like a smaller world soybean crop and tight US soybean and corn stocks. However, prices have since dropped as fundamentals have changed, with a larger projected world soybean crop and ample global coarse grain stocks. It recommends a marketing strategy of selling crops in increments between March and June to take advantage of peaks, and using put options to hedge unsold production.

1. © Roach Ag Marketing, Ltd. Grain Price Outlook and Market Strategies for Nidera by John Roach August 17, 2009

2. © Roach Ag Marketing, Ltd. Roach Ag Marketing, Ltd. 7601 N. Federal Hwy Suite 265-B Boca Raton, FL 33487 800-622-7628 [email_address] http://www.roachag.com

3. © Roach Ag Marketing, Ltd. Why were grain prices so bullish in May and June?

4. © Roach Ag Marketing, Ltd. World Soybean Crop down 27.4 million tons - 34% of entire U.S. Crop

6. © Roach Ag Marketing, Ltd. March Intentions March Intentions

9. © Roach Ag Marketing, Ltd. What do the Fundamentals Look Like Now?

10. © Roach Ag Marketing, Ltd. World Soybean Crop is forecast 31.5 Million tons bigger than last year

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44. © Roach Ag Marketing, Ltd. How Should I Market My Crops?

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50. © Roach Ag Marketing, Ltd. Roach Ag Sell Signals Your Digital Thermometer For Prices

51. © Roach Ag Marketing, Ltd. Roach Ag Sell Signals When Both Lines Are Above 75 = Sell Signal

52. © Roach Ag Marketing, Ltd. Roach Ag 2007 Corn Sell Signals 56 Days of Sell Signals ($3.91) and 272 Days Without ($3.71)

53. © Roach Ag Marketing, Ltd. Split your bushels into between 4 or 5 increments and sell one increment of each on each Sell Signal Rule # 2

55. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

56. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

57. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

58. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

59. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

60. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

61. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

62. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

63. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

64. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

65. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

66. © Roach Ag Marketing, Ltd. Put Opportunity - Buy Puts on some of the Crop You Do Not Want to Sell on a Cash Contract

67. © Roach Ag Marketing, Ltd. Roach Ag Marketing, Ltd. 7601 N. Federal Hwy Suite 265-B Boca Raton, FL 33487 800-622-7628 [email_address] http://www.roachag.com