MARKET DATA, INC. MADE THE FOLLOWING PREDICTION ON PRICES FOR THE YEAR OF 2009:

MONTHLY REVIEW 1-31-2009 - SO WHERE DOES MDI SEE FUTURES PRICES GOING?

On K.C. WHEAT old crop (OC) MAY 2009 futures we look for these to rally to the $6.40 to $6.50 area with an outside top of $6.75 – High of $6.40. SEP 2009 K.C. new crop (NC) futures could rally to the $6.85 to $7.15 area with an outside top of $7.50 on any major rally in the corn market – Actual High of $7.37 on 6-1.

On CORN we look for a small acres buying rally on MAY corn futures into the $4.10 to $4.20 area with an outside top end price of $4.50 – High of $4.21. The NC DEC 2009 futures could move into the $4.40 to $4.60 area with a reasonable chance for a rally to the $5.00 area on any low acreage figure or weather this summer – Actual High of $4.73 on 6-2. If the U.S. or Chinese crops come under severe stress this year a major rally in corn could occur.

The SOYBEAN market may be a tale of two situations (low 08/09 carryout) vs. (added 2009 acres). On OC MAY 2009 soybean futures we look for a rally to the $10.30 to $10.40 area as very likely with an outside top end rally into the $10.80 to $11.00 area – Price of $11.02 on 5-1. The NC NOV 2009 futures should move into the $10.20 to $10.30 area but will struggle to reach the $11.00 level - IF - the amount of acres gets planted here in the U.S. that several are forecasting – the Price hit $10.90 on 6-11.