Alaron Grains and Oilseeds Comment

CHICAGO - Apr 15/08 - SNS -- Following is the grain and oilseed futures comment from Alaron Trading Corp.

First report of the week came with the weekly 10:00a Central Time weekly export inspection report showing 45.4 million bushels of corn was inspected for near erm delivery.   This is down from 50 the week prior; but well over a year ago of 34 m.b.   Anything over 40 m.b. is considered a bullish demand signal.   Corn opened higher Monday, on an over the week end change on the weather outlook.   friday's weather outlook suggested field work and planting could progress Wednesday through Saturday.   But a twist in the jet stream over the week end changed to a wetter pattern across the entire midwest corn and bean belt in the Midwest and Southern Delta Wednesday through Saturday.   Wxrisk.com sees a half to two inches in many areas and this brings us back to planting an field work delays again.   The importance of the changed forecast shows how important it is to subscribe to a weather service like wxrisk.com as prices of corn and beans were initialy lower on our Sunday night opening beofre those updated on weather changes came in as buyers.   After the close of trading Monday, our first crop progress report came out showing 2% of our corn crop is now planted vs. 4%

Tim Hannagan

Alaron Research Team

800.563.9510

thannagan@alaron.com

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