Morrow County Grain Growers                             Pendleton Grain Growers

             Duane Disque or John Ripple                              Jon Sperl or Bryce Olson

             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      4/14/09

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

            Congress allocated $5.5 byn to GSM 102 credits for the year. These are the credits that exports use to guarantee a sale (if buyer doesn?t perform, the gov?t guarantees payment). 15% of the funds for the year were used just last month?.Crop progress report: Corn is 2% planted (right on track with last year) but behind the 5 year avg of 6%. Weather man says a high system will move in and provide some nice weather for the next 7 days or so. Winter wheat is 9% headed vs. 4% last year, and 6% on a 5 year ave. 42% of the winter wheat was rated G-Ex vs. 47% last year?one item worth mentioning is the category of poor/ very poor also increased last week. Spring wheat planting is 2% vs. 8% normal.

            Beans are leading everything higher this morning as demand remains steady / strong. With all the talk of the North Dakota flooding, there has been talk of 300,000-500,000 acres FEWER spring wheat acres planted. If spring wheat doesn?t go in, then it will be row crops (beans, corn). SRW basis continues to trade at -$1.19.

            One of the things to remember when looking at numbers is what do they really represent? For example, we compare a lot of numbers vs. last year. France said that soft wheat acres will be down 3% vs. last year?but we need to remember that last year represented BIG acreage increases. The news loses some of its luster when you consider that even with a 3% reduction that acreage will still be 1.4% higher than a 5 year average. So far no major weather concerns from the EU, Black Sea, FSU.

***Didja Know: When a flea jumps, they accelerate 20 times faster than the space shuttle at launch? They can jump 130x their own height. That would be like a 6? human jumping 780? into the air? If you shrunk a car to the size of a roach, the roach could out run the car?they can run up to 200 mph. It is estimated that worldwide, there are about 1007 men for every 1000 women.