Weekly #13

Grain

Corn futures down because of large planting intention and stocks

Wheat futures also weak after USDA report on Mar 28

PSW Hay

Started to harvest and sell 1st cut Alfalfa Hay at Imperial and Blythe @215-220 which is US$25-30/ST lower than last year.

However still moisture was too high. Most of 1st cut is delivering to Central California for Domestic Dairy. Export demand slow

Oat hay has been harvested and sold @165-170 which was also US$20-230/ST lower than last year.

PNW Hay

Still old crop is being traded

Lower grade Alfalfa and Timothy still available