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March 17, 2006

Freight rates are up $1.00 per ton across the board.
The Egypt tender and rain in the Midwest provoked a big drop in wheat prices this week.
The reported Egyptian FOB prices include: SWW $132.18, French $137.50, SRW $141.75, CWRS $179.50, ASW $179.80, HRW $181.62
The Lakes will open on March 26, 2006.

(See attached file: PR031706.xls)(See attached file: PR031706.pdf)

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