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/ 4/ 10

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

            Lets see its an even numbered day that means that futures will be lower?.yup. The futures have been flopping 10-15 every other day now for the last 8 days. Right now, I agree with the spec position?be a little long going into next weeks corn report, and then into the prospective planting report on the 31^st, and maybe just stay long more or less till spring planting gets well underway. Stay on the short side of wheat?.This morning EU wheat futures for milling grade wheat were trading LOWER than corn imported from the US?so if you were a pig farmer in France, you could feed milling quality wheat to your pigs cheaper than you could buy US corn. Aussie is expecting that overall their 2010 wheat crop will be a little smaller than last year?first estimate that I have seen says an estimate of 20 myn mt. Means NOTHING today, but it does drive a stake in the ground and gives us something to work off of. It also sets a benchmark to measure how accurately ABARE can predict crop size 10 months in advance. One other piece of international news: Russia did lift their ban of US hogs, no word on poultry yet?but it should be coming soon. Remember that Russia wants be self sufficient in hogs/ poultry within 5 years anyway. At the rate they are going, producing the grain to feed the livestock should not be a problem.

            Since delivery started on the March contract, there have been about 8300 caks (41.5 myn bu) delivered against futures the last 5 days. That?s a pretty sizeable amount, in Chicago wheat there have been 25 myn bu delivered. Pretty heavy deliveries, come July, with these carries, the storage bill will get expensive. Sales report this morning showed solid corn sales of 32.8 myn bu, but the wheat sales were nothing short of terrible, barely registering a pulse with only 3.8 myn bu in sales. We only had 1 myn DNS, 2 myn HRW, .7 SRW and a measly 100,000 bu of SWW sales (less than 1 barge amount). Obama wants to cut farm subsidies and crop insurance, but the House AG committee voted overwhelmingly to ?NOT? open the farm bill up. KSU researchers have found 5 natural plant populations of Kochia that are glyphosphate tolerant. First plants were found in ?07. There are now 17 known plant species world wide that are glyphosphate tolerant.