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/ 9/ 10

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

            Futures called lower, opened that way, and never recovered. US $$ is higher, Corn and most wheats are down 4-5. Focus is now on tomorrow?s USDA report. Most traders are expecting slightly lower carryouts (the average trade guess is 1.71 byn bu)?mine is smaller. Wheat c/o unch?d at 971 myn bu. Can?t hardly believe its time to start getting crop reports already: Texas corn is 6% planted vs. a 5 yr avg of 17%. Kansas wheat crop is rated 60% G-Ex vs. 45% this time last year. Total so far, we have seen 12.700 caks delivered against corn (63.5 myn bu) and 5400 cak of SRW (27 myn bu). We talked briefly yesterday about the new ?Volatility caks?, these new caks or hedge instruments will allow investors to move away from ?directional? or LONG ONLY trades. If you have been paying attention, being long has been wrong for the most part the last few years. When you ?roll? your position in a carry market, it costs money?LOTS of it!! These new caks will allow hedge funds to effectively trade both sides. So it seems to me that volatility will increase?and the comfort/ stability of the index funds position of ?long only? approach will end. ?there is a time to be long and a time to be short??

            The hearing on the GMO sugarbeets is over, but the judge has delayed his decision. Time is short however, cuz many acres will be planted to beets this month.

            Russia says they will resume intervention grain purchases (again think of this as similar to our old reserve program). Russia has also started talks with Belarus and Kazakhstan to create/ use a unified currency, and has also suggested that CIS members (Commonwealth of Independent States, or parts of the old Soviet Union) step up cooperation on global markets (read GRAIN). This may be joint use of rail assets, export houses, ports etc. The CIS members produce about 12% of the world?s wheat, yet account for about 30% of the wheat exports. The Aussie Bureau of Meteorology says that the current El Nino, while weakening, is likely to stick around till July.

            A special CONGRATULATIONS to the STATE CHAMPION Imbler Lady Panthers basketball team on an undefeated season!!! Thanks Matt!

***Didja Know: When George Washington and John Adams were inaugurated as President of the US, the capitol was still in Philadelphia? In Russia, instead of birthday cake, many kids get birthday pie? Orchids have some of the smallest seeds?it takes 1,250,000 of them to weigh an 1 gram?