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      7/ 27 / 10

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

               Hmmm interesting day so far. More news focusing on the Russian/ Ukraine crop. Wheat opened up 15, gave it all up, traded lower…then reversed and is currently up again 4-5. Corn was up 6 traded down -3, back to +4 and has given it all back again. It is like someone is sitting flipping a switch back and forth. Ukrainian gov’t has not ruled out limiting exports the 2^nd half of the year, vessels are still getting loaded, they are 5 deep in the Black Sea ports. Here’s another article for you: Kazakhstani gov’t says this years harvest will be 13.5 to 14.5 myn mt, down 36-40% vs. last year. (Last year was a HUMONGOUS crop). The article goes on to say we are carrying 7 myn mt over from last year, ‘so this amount of grain is enough to meet domestic needs and maintain the countries high export potential’.

               Crop reports show corn silking at 84% vs. a 5 year ave of 70%. The G-Ex % is unch’d, but they did move 2% from G to Ex. Weather looks awesome for corn country, with even the dry areas expecting rain. Overnight Japan booked 2.6 myn bu US and about 1.4 Canadian and Aussie. Early results back from ND crop tour bpa/ yield will be equal to last years phenomenal yields. Growers are more optimistic as the crop is 2 weeks at least ahead of last years LATE crop. Bill going through the house today has ethanol tax credits being extended 1 year, but reduced 20% to .36/gallon. Also extends the import tariff 1 year at .54/ gallon, and re-instates the Bio-Diesel credits.

               China has expressed concerns over quality of US corn. Shouldn’t be any surprise, except that we are actually able to ship any #2’s. The problems with last years crop are well documented. Even so, there have not been any rejections…yet anyway. The amount of corn China imported from the US this last year is more than the previous 15 years causing some concern in China about putting the ‘rice bowl in others hands’. The potential is there, but there is a real question whether it will happen politically. USDA has approved a total of 27 chicken processors to resume shipments to Russia. Brazilian beef will start hitting US shores in a month as exports are set to resume.

***Didja Know: There are 12 flowers on each side of an ‘OREO’ and each flower has 4 petals? USDA proposed using yogurt as meat substitute in 1996 for school lunches? Pineapples originated in South America, they didn’t make to Hawaii till early in the 19^th century.

***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***