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Grain Market Letter.

UNIONTOWN CO-OPERATIVE ASSOCIATION

outside problems will continue to effect the futures markets and cash prices.

SPRING SEED NEEDS:
If you have any spring seed needs we can be looking for, please let us know. We are doing
some upgrading in the seed plant. We are putting in a gravity table in order to better
clean and treat legume seeds. We are also replacing the 30 year old seed treater with a new one. Seed cards are included with this news letter. These are the varieties
we will have this Spring:

SWW: Louise (Common)
D.N.S.: Tara (Certified)
Hank (Certified)
Barley: Bob (Common)
Baronesse (Certified)
Prices will be available as we get closer to
seeding. Again, if there are other seeds we
can locate for you, please let us know.

FEED PLANT CHARGES:
Bulk Rolling $20.00 Per Ton.
Sacking Only $10.00 Per Ton.
Roll & Sacking $25.00 Per Ton.
Sacks Out $ 1.40
Sacks Returned $ 1.00

OFF COAST CHARGES.
Off coast charges for JANUARY and FEBRUARY are as follows:
Wheat Uniontown: $ .57 cents per bu.
Barley at Uniontown: $24.00 per ton.
Wheat at Lewiston: $ .38 cents per bu.
Barley at Lewiston: $16.50 cents per ton.
These off coast charges include ALL charges. This is due to a 16% fuel surcharge for both months. On April 1, there will be a general
barge freight increase of 3%. This will be
in addition to any fuel surcharge.

VERY COOPERATIVELY YOURS:
UNIOTOWN CO-OPERATIVE ASSOC.

JANUARY 27 , 2010
TO OUR MEMBERS AND PATRONS:

GRAIN MARKETS:

GRAIN MARKETING:
Grain markets continue to reflect local demand and larger outside factors affecting the futures markets. From our last news letter on December 16, Chicago March futures prices have moved lower by .45 cents. However, the cash price is still around $5.00 Portland. So, the basis has increased .45 cents over that time. Recent supply demand reports have indicated an adequate supply of wheat for the remainder of the marketing year. Locally, SWW supplies are a little tighter. Indications are that nearly 80% of this year's crop has been marketed from the country side. We are not quite that far sold out in our area. Exporters seem to want to continue to purchase SWW with the increase in Basis as the Futures markets moved lower. Normally we will see a spring futures rally as the winter crops come out of dormancy through the U.S. Markets rallies may not be over but rallies should continue to be sold. The barley market drags along with not a lot of movement higher, so far. Most activity is in the domestic markets. We have had a lot of inquire about the river closure for the four months from December 2010 through March 2011. After talking with exporters with what our needs might be, we should be able to go through the four month closure without much problem. If changes should occur, we will be planning for them. Club Wheat: We have seen some large premiums for club wheat over SWW the last several years. This years PNW planted acres looks to be close to 160 million acres compared to 136 million acres last year and a normal planted acre range of between 180-220 million acres. Depending on buyers, we should see good premiums again next year.
Some indications that China might tighten their money supply that could cause some inflation in that country and with the U.S. also borrowing money from China could put a negative spin on the futures markets. Again,

UNIONTOWN CO-OPERATIVE ASSOCIATION

	outside problems will continue to effect the futures markets and cash prices. SPRING SEED NEEDS: If you have any spring seed needs we can be looking for, please let us know. We are doing some upgrading in the seed plant. We are putting in a gravity table in order to better clean and treat legume seeds. We are also replacing the 30 year old seed treater with a new one. Seed cards are included with this news letter. These are the varieties we will have this Spring: SWW: Louise (Common) D.N.S.: Tara (Certified) Hank (Certified) Barley: Bob (Common) Baronesse (Certified) Prices will be available as we get closer to seeding. Again, if there are other seeds we can locate for you, please let us know. FEED PLANT CHARGES: Bulk Rolling $20.00 Per Ton. Sacking Only $10.00 Per Ton. Roll & Sacking $25.00 Per Ton. Sacks Out $ 1.40 Sacks Returned $ 1.00 OFF COAST CHARGES. Off coast charges for JANUARY and FEBRUARY are as follows: Wheat Uniontown: $ .57 cents per bu. Barley at Uniontown: $24.00 per ton. Wheat at Lewiston: $ .38 cents per bu. Barley at Lewiston: $16.50 cents per ton. These off coast charges include ALL charges. This is due to a 16% fuel surcharge for both months. On April 1, there will be a general barge freight increase of 3%. This will be in addition to any fuel surcharge. VERY COOPERATIVELY YOURS: UNIOTOWN CO-OPERATIVE ASSOC.
JANUARY 27 , 2010 TO OUR MEMBERS AND PATRONS: GRAIN MARKETS: GRAIN MARKETING: Grain markets continue to reflect local demand and larger outside factors affecting the futures markets. From our last news letter on December 16, Chicago March futures prices have moved lower by .45 cents. However, the cash price is still around $5.00 Portland. So, the basis has increased .45 cents over that time. Recent supply demand reports have indicated an adequate supply of wheat for the remainder of the marketing year. Locally, SWW supplies are a little tighter. Indications are that nearly 80% of this year's crop has been marketed from the country side. We are not quite that far sold out in our area. Exporters seem to want to continue to purchase SWW with the increase in Basis as the Futures markets moved lower. Normally we will see a spring futures rally as the winter crops come out of dormancy through the U.S. Markets rallies may not be over but rallies should continue to be sold. The barley market drags along with not a lot of movement higher, so far. Most activity is in the domestic markets. We have had a lot of inquire about the river closure for the four months from December 2010 through March 2011. After talking with exporters with what our needs might be, we should be able to go through the four month closure without much problem. If changes should occur, we will be planning for them. Club Wheat: We have seen some large premiums for club wheat over SWW the last several years. This years PNW planted acres looks to be close to 160 million acres compared to 136 million acres last year and a normal planted acre range of between 180-220 million acres. Depending on buyers, we should see good premiums again next year. Some indications that China might tighten their money supply that could cause some inflation in that country and with the U.S. also borrowing money from China could put a negative spin on the futures markets. Again,