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 6/17/09

	SWW	SRW	DNS		HRW		Barley	Corn
Month	Portland	*Chicago*	Portland	Basis	Portland	Basis	Portland	Cash Px
June	5.85		7.90	*.80 N*	6.59	*.35 N*	110	156
July	5.85	*5.69 CNW*	7.85	*.80 U*	6.59	*.35 N*	110
August	5.90		7.85	*.80 U*	6.65	*.30 U*	120
September	5.95	*5.97 CUW*	7.85	*.80 U*	6.70	*.35 U*	120
October	6.05		7.91	*.75 Z*	6.76	*.25 Z*
November	6.10		7.96	*.80 Z*	6.81	*.30 Z*		2009/ 161
December	6.15	*6.24 CZW*	8.01	*.85 Z*				2010/ 165
N/C 2010		*6.15 CUW*	*7.56*	*.30 MUW*	*7.02*	*.20 CNW*		2011/ 171
*N/C 2011*		*6.91 CNW*
**Club premium: Buyers Call!			*Prem/Disc*	*+12/ -20*	*Prem/ Disc*	*+10/ -20*	*Canola:*	*.15/ lb n/c*

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

Loan report showed 24.45 myn bu of wheat still under loan with Washington/ Idaho each still sitting on about 2.25 myn bu, while there is 152,000 bu in Oregon. On corn, 528 myn bu still remain, even after about 46 myn of redemptions last week.

Major improvements to this years wheat crop has allowed the Moroccan gov’t to RE-impose massive import tariffs on wheat. Effective for the 2009-10 crop year, they will put a 135% tariff on soft wheats and 170% tariff on Durum.

Fun Trivia: A man walked into the “Salty Dog Tavern” and ordered a fish fillet sandwich, a glass of dark rum, and some female company. The proprietor turned to him and said “ look sailor, the first two requests are no problem, but the third request is out of my hands.” What made the proprietor think the man was a sailor?

Answer: The man was wearing a sailor’s uniform.

***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***