Morrow County Grain Growers                             Pendleton Grain Growers

             Duane Disque or Brian Peiler                              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      5/28/09

 

SWW

SRW

                DNS

              HRW

  Barley

        Corn

 

Month

Portland

Chicago

Portland

Basis

Portland

Basis

Portland

Cash Px

 

June

6.20

 

8.74

.85    N

7.20

.30   N

110

165

 

July

6.25

 

8.74

.85   N

7.20

.30   N

112

 

 

August

6.25

6.40 CNW

8.74

.85   U

7.26

.25   U

113

 

 

September

6.25

 

8.69

.80   U

7.31

.30   U

 

 

 

October

6.30

6.66 CUW

8.69

.80   Z

7.42

.25   Z

 

 

 

November

6.38/ 40

 

8.75

.75     Z

7.47

.30   Z

 

2009/ 173

 

December

6.42/ 44

6.89 CZW

8.80

.85    Z

7.52

 

 

2010/ 173

 

N/C 2010

 

  7.27   CUW

8.19

.35    MUW

7.67

.20 CNW

 

2011/ 175

 

N/C 2011

 

7.45   CNW

 

 

 

 

 

 

 

**Club premium: Buyers Call!

 Prem/Disc

+12/ -20

Prem/ Disc

+15/ -20

 Canola:

.135/ lb

 

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

             Well its been one of those mornings!!! Chicago wheat futures have already traded a .28 range, whilst Mpls has traded has traded a .23 range, and given up all early gains and is sitting at even right now. Corn traded a .12 range and has also given up all its gains. We are logging lots of phone time, gaining little traction. Fundamentals simply do not support these types of rallies, which seem like a great selling opportunity to me, but until we get into a delivery month (still about a month away).

            Corn feels a bit toppy. India did sell some corn to Malaysia, and Japan booked 1.8 myn bu of wheat overnight. Export sales report will be out tomorrow, due to the Memorial holiday. International news is pretty light this morning, creating little market direction.

           

***Didja Know: ?A good laugh and a long sleep are two of the best cures? Irish Proverb. Type O blood is the most common blood type, AB is the rarest. There is a sub type called A-H but only 3 people are known to have that blood type.

           

***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***