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      12/27/07

 

SWW

SRW

                DNS

              HRW

  Barley

        Corn

Month

Portland

Chicago

Portland

Basis

Portland

Basis

Portland

Cash Px

Basis

December

13.05

 

11.81

1.31

10.41

1.04

Please

179

 

January

13.15

 

11.88

1.37

10.46

1.10

Call

 

 

February

13.22

 

11.96

1.45

10.53

1.20

        For

 

 

March

13.30

9.18  CHW

12.01

1.50

10.61

1.25

Current

 

 

April

13.35

 

 

 

 

 

Bids

 

 

JULY

8.10

7.94   CNW

9.98

.60

8.90

.61

 

 

 

AUGUST

8.00

7.94  CUW

9.43

.90

8.82

.50

 

 

 

O N D  ‘08

.04/ bu

8.03  CZW

 

 

 

 

 

179

 

LDP's

-9.73

 

-7.04

 

-6.34

 

-3.33

-2.10

 

***Club premium: .00/ bu.

 

 -2/ 1/4

 -7/  ½

 

 

 

 

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

            Cash corn is moving on the interior, but so far basis levels have been steady. The market is already talking about the battle for acres with Beans firing the first shot across the bow yesterday, closing the day up 40! They have given back about a dime, corn is lightly mixed while wheat futures are taking a beating today, down 23-25. Markets are in a bit of turmoil after news that ex- Paki prime minister Bhutto has been killed.

            It is not to early to start watching ‘spring’ weather. India and Paki will start harvest in March, and India is reporting “dry” conditions. We mentioned it before, and at grower meetings that IF weather is anything near ‘normal’ wheat production in the “TOP 3” exporters could easily be 1.2 to 1.4 BYN bu more than last year….BUT if weather does not co-operate these prices may seem cheap as the world markets must seek a level to keep the world from running out of wheat till ’09.

 

Fun Trivia:  What does no man want, yet no man wants to lose?

 

 

 

 

 

 

 

 

 

A bald head

 

 

 

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

***All bids are subject to change, please call for CONFIRMATION of prices. All information in this letter is from sources deemed reliable, and is for informational purposes only**