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      3/ 1/ 10

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

            Lots of ground to cover this morning?Futures called higher on just some follow thru buying, but started lower, and then dropped sharply about 9:00. Futures are getting clobbered this morning.  SWW bids range .20 from exporter to exporter, the numbers are all over the board. The US $ is much stronger. Though the shipment report showed ?ok? numbers, they were really just ok. Corn shipments were 39 myn bu, but we need to AVERAGE 46 myn bu the balance of the year to balance the books. Wheat shipments were 17.7 myn bu?very solid, but not great. 3.1 myn bu was SWW, 7.9 HRW. On the down side, Iraq reportedly booked 13.9 myn bu of Russian, Canadian and Aussie wheat, NO US wheat in the mix. COT report showed the specs were very active last week booking 100 myn bu of corn, and the funds also extended their length, the market is being called ?overbot? at this time. In wheats the funds sold some futures and the specs bought in part of their short. The only fundamental change in wheat/ corn is increased ethanol production. Margins are very good, and US ethanol production hit 787,800 bbl/ day?puts us on pace for 12 byn gallons of ethanol/ year. The original goal was 15 byn gallons by 2015. Deliveries and re-deliveries continue, with at least another 2,000 caks of corn delivered against futures. Re-deliveries indicate the original stops turned the corn back. USDA will have another CRP signup. CRP acres in the US are at 31.4 myn acres with about 4.4 more set to expire. USDA says they would really like to keep about 32 myn acres in the program. A group of organic beet producers have asked a Federal judge in San Francisco to halt plantings of GMO beets. In the last 2 years Monsanto has seen GMO beet production ramp up to 95% of all the beets raised in the US. The ruling could impact up to a myn beet acres from Oregon to Michigan?but they are not stopping there, they are also seeking to stop sale of the sugar produced from those beets. Sounds like it fringe radical group, but since they are using the Fed court in San Fran, just about anything is possible?and could also set a precedent for other crops.

            Gavilion (used to be known as Peavey) will finish completion of 1.3 myn bu elevator in Okie. This is one but a very few domestic elevator projects in the US. They expect to be complete and running by harvest. Gavilon is also a part owner of the ?Kalama? export elevator. Water levels have recovered and much of California will get 100% of water allocation this year (some will only get a 30% allocation). 300,000 acres in Cali last year went without any water.