Grain Markets and Facilities

Dalhart Consumers operates grain elevators from 5 locations. The Dalhart location has 2.4 million bushels of storage capacity with 22,000 bu/hr elevation capacity. The Hartley location has 3.2 million bushel storage capacity with 31,000 bu/hr elevation capacity. The Texline location has 2.3 million bushel storage capacity with 15,000 bu/hr elevation capacity. The Sedan location has 220,000 bushel storage capacity with 5,000 bu/hr elevation capacity. The Wilco location has 2.6 million bushel storage capacity with 31,000 bu/hr elevation capacity. The North Sedan location has 1 million bushel storeage capacity with 13,000 bu/hr elevation capacity In total, Dalhart Consumers has 11.7 million bushels of storage and 117,000 bu/hr elevation capacity from 16 legs. Dalhart Consumers offers numerous grain marketing programs including basis only forward contracts, futures first and other contracts. Grain Quotes

Long Term Market Commentary

THE CARRYOVER OF THE 2004 CROP FOR CORN WAS ESTIMATED BY USDA TO BE 2.055 BILLION BUSHELS. THIS HAS SOME IMPLICATION FOR THE CASH MOVEMENT OF CORN. ANY TIME THERE IS MUCH OF A RALLY IN THE FUTURES THE FARMER WILL BE THERE TO SELL. DESPITE THIS THE FUNDS HAVE BEEN BUYING THE FUTURES ON THE ANTICIPATION THAT DEMAND WILL IN FACT MOVE THE MARKET HIGHER GIVING THEM THE OPPORTUNIY TO MAKE MONEY. WORLD GRAIN STOCK ARE HIGHER IN WHEAT AND CORN. EXPORTS HAVE SO FAR BEEN DISAPPOINTING TRAILING USDA'S PROJECTIPON BY NEARLY NINE PERCENTAGE. WEATHER IS THE KEY TO THE SUMMER MARKET. IF A WEATHER PROBLEM OCCURS THEN THE FUNDS WILL JUSTIFY THEIR LONG POSITION. IF THIS DOES NOT HAPPEN BY MID SUMMER THEN THE FUNDS WILL MOST LIKLEY GO SHORT IN THE FUTURES INTO HARVEST. 3/10/05 2004 Top State Crop Production FCStone Grain Recap

Historical Charts

Dalhart Milo Basis 98-02 Dalhart Corn Basis 97-02 Dalhart HRW Basis 98-02

Contact Information

For further information, contact: Bryce Garrett 806-249-5695 E-Mail