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/ 15/ 10

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

            $$ is higher, crude is down $1.60, wheaties are down 5-8, and corn is off 1-2. Note new DNS scales (Steve J). Expect the premium/ discount scales to stay wide well into harvest as the market tries to deal with huge supply of lower proteins. Everyone is trying to blend the stuff, but there is only so much you can do. Many growers in the Dakotas/ Montana willing to wait for new crop and see if they produce higher protein. Spring flooding will ramp up. NWS (Nat?l Weather Service) says the Red River valley will likely crest around 38?, probably the end of the week?that is 20? above flood stage, and 3? higher than last year. No idea today how long that will last however. Last year the Red River stayed above flood stage for 61 days. Wet weather will also weigh on possible planting delays. A quick look at the COT report shows the Specs VERY comfy with wheat and running a 165 myn bu short position, adding 60 myn bu to their short position last week. While Index funds are long 874 myn bu Chic wheat. The specs are also packing a small long of 430 myn bu of corn. So, they are telling us that they are not willing to put ANY premium into wheat (weather or otherwise), but are willing to put a small weather premium into corn. Shipment report showed continued weak numbers for corn with only 36 myn bu (still 6 myn bu short of the smaller revised USDA numbers), and with sales continuing to be weak, prospects for shipments does not look encouraging. Wheat shipments were also off pace with only 9.2 myn bu shipped; 1 myn DNS, 5 myn HRW, .4 myn SRW and .4 SWW?.2.4 myn Durum.

            Aussie says their wheat stocks are at 20.8 myn bu (13.8 is milling quality), last year at this time they only had 17 myn mt of stocks. French wheat exports are also down about 6% vs. last year. Winners are Ukraine with exports up 1.5%. The threat that India will ?dump? 2-3 myn mt of wheat on the market (lack of storage) is a huge weight around the neck of the wheat market. Director of Ministry of Ag for Japan confirmed that they are testing samples of Black Sea wheat for quality and safety.

***Didja Know: ?I look forward to the future, because that?s where I?m going to spend the rest of my life? George Burns?