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April 28, 2006

Nearby prices in all ports quoted on July futures
Basis down in all ports reflecting deferred delivery month quotation. SRW basis and cash prices up
Futures in all exchanges fall on rain in Eastern Kansas, although major growing areas in West KS, OK, TX remain very dry
Slight strengthening in ocean freight although market moving mostly sideways. Decline in rates to Japan
Dollar off against the euro and yen

(See attached file: PR060428pub.xls)(See attached file: PR060428pub.pdf)

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