Cash Bids & Our Comments   To read our futures brokers daily market opinions, click on Daily Commentary Tab on the left.  Without major crop problems around the world this next year, hard to believe there is major upside price movement for US wheat.  I think NC red wht should be sold again up another 15-25c from here?   Sell any 30c rallies. Scroll down on home page to look at electronic futures daytime and starting again at 4 PM PST.  Elevator hours will be 8am-5pm Monday thru Friday.   Office hrs will be 7am-4:30pm Mon-Fri.       3/9 - Wheat futs  2-4c lower early w/ yc 4c lower. USDA crop report on Wednesday with very little news out today.  The wheat market remains in its extremely choppy, range-bound pattern. Highly sensitive to the fluctuations in the dollar and wheat’s apparent commitment to doing the opposite of whatever it did the prior day.Still have sell orders in at 10c above Mon close.  See 10c potential gain for the wk on corn as acreage bidding wars will start.  Corn feels pretty strong and think it can gain more, It's climbed back 35c of 60c Jan plummet.  Wht has clawed its way back about 30c from 80-90c Jan freefall but not any real reason for it to continue to climb more than another 10-15c if any?    SW ugly at $4.70 Portland, with Asia our only customers and would have to drop 75c to compete with Russian wht into Egypt.  US Export sales for last wk no good again.  World carryout wht stox are big and will keep the price from moving up. Feb USDA report was mixed wht and slightly friendly corn so call it neutral at best.  Wht futs approx 20c above support lvls that shld hold next 30days.  Corn 15c above this same support.  Index Funds still long 1.3 bil wht futs and 2.3 bil corn futs. Spec funds short 300 mb both wht & corn.  Grain export pace picked up fractionally so export activity not the driver to raise prices.   Next major rally will have to be lead by crop killing weather and not financials, so the odds are not very good for a major rally.  Market is volatile which can cause 20c rallies that need to be sold (saw this 2/16 then crashed).   US Wht exports still  approx 75-80% of last yr pace, but SW is 20mbu above LY pace.   All USDA crop reports since August have been projecting increased crop sizes and stocks and have been very bearish.  As more regulations get written, financials & index funds will become less important market makers over time.  White Club in $9.70/bu range Portland is in tight supply even with Japan reducing their club % in WWW to min 10% vs 20% past 5 years or so.  Financial meltdown has slowed world trade by 35% volume..  in everything.    Elevator Hours 8am -5pm Mon thru Fri.   Office Hours: 7am - 4:30pm Mon thru Fri.

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