Morrow County Grain Growers                             Pendleton Grain Growers

             Duane Disque or John Ripple                                      Jon Sperl

             1-800-452-7396 or 541-989-8221                           1-800-422-7611 or 541-276-7611

              or Dan Steiner 481-6614 (office), 571-3798 (cell)  graingrowers@centurytel.net

                                                            GOOD MORNING!!!

            Below are the best indicated market bids as of:   9:00  on      12/21/07

***NOTE: Corn values vary depending on delivery location PLEASE call for updates.

            Not much news this morning. Markets will trade ‘reduced’ hours today. When we get into the holidays, many traders are gone, and trade is USUALLY quite a bit lighter, but in the past we have seen some HUMONGOUS swings over the holidays. This morning beans have been up .20 corn up 10, both are now back off of those numbers. Wheats have traded sharply lower, but are working toward neutral ground.

            Over night SK booked 15 myn bu of US corn. This corn market just feels like it has legs. With cattle/ dairy/ meat product prices lagging, you have to wonder how much higher corn can go. I guess the cattle/ dairy/ meat producers could ask the ethanol guys, but in this arrangement the cattle/ poultry guy is the only one with out some sort of ‘safety net’.

            Government is back to looking at whether long term CRP should be allowed out WITHOUT penalty. With grain prices and acreages what they are this is a topic that won’t die easily. Whatever the gov’t decides the market will sort it out. There are plenty of political angles on this one.

***Odds-n-Ends: “Success is largely a matter of hanging on after others have let go”  William Feather.  There has never actually been a documented case of an ostrich actually burying his head in the sand, or actually attempted to do so…Experts claim that as long as it isn’t over 60°, an average human being can make it 11 days without water.  Slow down and enjoy the holidays: In the last 10 years 37% of the highway fatalities on Christmas and New years were speed related. The average speeding ticket is about $150, average increase in insurance over 3 years can be another $300, making that 1 ticket worth more than $450! More than 60 myn people will drive an average of more than 50 miles to visit family…50% of fatalities on New Years, and 64% on Super Bowl Sunday are due to alcohol. By the way, the average high temperature in Hawaii in the winter time is 80°.

Have a VERY Merry Christmas and Happy New Year!!!!!