DTN Midday Grain Comments 02/02 11:00 Corn, Wheat Lower at Midday; Soybeans Higher Corn trade is 5 to 6 cents lower; beans are 5 to 7 cents higher, and wheat trade is 6 to 13 cents lower. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: Corn trade is 5 to 6 cents lower; beans are 5 to 7 cents higher, and wheat trade is 6 to 13 cents lower. The U.S. stock market is mixed with the Dow down 90 points. The Dollar Index is 30 points higher. Interest rate products are firmer. Energies are mixed with crude down 0.50 and natural gas up 0.08. Livestock trade is higher. Precious metals are mixed with gold 5.00 lower. CORN: Corn trade is 5 to 6 cents lower at midday with early strength fading during the day session with weaker spread action and little fresh news to sustain buying. Ethanol margins have support from natural gas while blender margins tighten again as unleaded fades from the recent highs with spring driving demand right around the corner. Crop development will continue to be watched with drier weather short term in Argentina, and early double crop planting in Brazil underway. The daily export wire has been quiet this week with weekly sales very good at 1.59 million metric tons (mmt) (62.7 mb) of old crop, and 163,200 mt (6.4 mb) of new crop. Basis has stabilized in the west with above average action holding up overall. On the March chart, support is at the $6.72 20-day moving average which we are just above at midday with the upper Bollinger Band at $6.94 the next round up, which we have faded from last week with a fresh high for the move being scored at $6.88 3/4, which we tested Wednesday. SOYBEANS: Soybeans are 5 to 7 cents higher at midday with trade firming back towards the middle of the recent range with mixed spread action as new crop gains, but we have faded off the day's highs. Meal is 2.50 to 3.50 higher and oil was 25 to 35 points lower. The daily export wire has remained quiet as we watch for more action from China as they return from holiday with weekly sales softening at bit at 736,000 old crop (27.0 mb), 192,000 new crop (7.1 mb), meal 165,400 mt old, 4,200 new, and 900 mt of oil. South American weather should help stabilize the Argentina crop with more rain needed for sustained improvement, while Brazil harvest should pick up the pace a little bit more. Basis remains mostly sideways near term. March chart support is at the $15.10 20-day which we remain solidly above, with the Upper Bollinger Band at $15.49. WHEAT: Wheat trade is 6 to 13 cents lower at midday with trade backing off the fresh highs scored early in the day session to see some long profit taking as spreads flatten out as we back off the increasingly overbought conditions. The Southern Plains should show improvement into the second week temperature wise with the best rain shots for the eastern plains, with some Russia dryness, and logistical issues on the horizon. Matif wheat values are a bit softer as well, potentially limiting upside. Weekly export sales were soft at 136,400 metric tons of old crop, and 32,500 mt of new. On the chart, KC March has support at the 20-day moving average at $8.47 which we are solidly above, with the recent high at $8.95 as resistance with the Upper Bollinger Band at $8.91 which we are testing overnight. David Fiala can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (c) Copyright 2023 DTN, LLC. All rights reserved.

GRAIN BELT WX ROUNDUP Ohio Morning Temperature And Precipitation Summary National Weather Service Cleveland Ohio 732 AM EST Thu Feb 2 2023 Values represent highs yesterday...lows over the last 12 hours and precipitation over the last 24 hours ending at 7 AM EST/8 AM EDT. M=Missing Data T=Trace NA=Not Available : .BR CLE 0202 ES DH00/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ :Automated Suface Observation Systems (ASOS) Sites :................................................................... : Station Max / Min / 24-HR / Snow / Snow : Name Temp / Temp / PCPN / Fall / Depth :................................................................... : ---NORTHWEST OHIO--- AOH: Lima Allen Apt : 27 / 21 / 0.00 / NA / NA DFI: Defiance Mem Apt : 23 / 18 / 0.00 / NA / NA FDY: Findlay Apt : 27 / 19 / 0.00 / NA / NA TDZ: Toledo Executive Apt: 24 / 19 / 0.00 / NA / NA TOL: Toledo Express Apt : 25 / 16 / 0.00 / 0.0 / 1 : : ---NORTHEAST OHIO--- CLE: Cleveland Hopkins : 28 / 21 / 0.00 / 0.0 / T BKL: Burke Lakefront Apt : 26 / 24 / 0.00 / NA / NA LPR: Lorain / Elyria Apt : 27 / 19 / 0.00 / NA / NA HZY: Northeast Ohio Apt : 25 / 15 / 0.00 / NA / NA CAK: Akron-Canton Apt : 28 / 19 / 0.00 / 0.0 / T AKR: Akron Fulton Apt : 28 / 20 / 0.00 / NA / NA BJJ: Wooster/Wayne Co Apt: 26 / 19 / 0.00 / NA / NA MFD: Mansfield Lahm Apt : 26 / 19 / 0.00 / 0.0 / T YNG: Youngstown Apt : 27 / 17 / 0.00 / 0.0 / T : : ---SOUTHWEST OHIO--- LUK: Cincy Lunken Apt : 33 / 21 / 0.00 / NA / NA CVG: Cincy N. Kentucky : 31 / 21 / 0.00 / M / M HAO: Hamilton : 32 / 18 / 0.00 / NA / NA DAY: Dayton Apt : 30 / 22 / 0.00 / M / M MGY: Wright Bros Apt : 32 / 21 / 0.00 / NA / NA ILN: Wilmington : 30 / 21 / 0.00 / NA / NA : : ---CENTRAL AND SOUTHEAST OHIO--- CMH: John Glenn APT : 30 / 20 / 0.00 / M / M OSU: OSU Apt : 29 / 21 / 0.00 / NA / NA VTA: Newark : 29 / 20 / 0.00 / NA / NA MNN: Marion Apt : 26 / 19 / 0.00 / NA / NA LHQ: Lancaster : 29 / 19 / 0.00 / NA / NA ZZV: Zanesville Apt : 30 / 17 / 0.00 / NA / NA PHD: New Philadelphia : 28 / 16 / 0.00 / NA / NA : .END These Data are preliminary and have not undergone final quality control by the National Center for Environmental Information (NCEI). Therefore...these data are subject to revision. Final and certified data can be accessed at www.ncei.noaa.gov. $$ Max/Min Temperature and Precipitation Table for Indiana National Weather Service Indianapolis IN 830 AM EST Thu Feb 2 2023 Values represent highs, lows, precipitation, and snowfall the last 24 hours ending at 7:00 a.m. EST/8:00 a.m EDT and snow depth at 7:00 a.m. EST/8:00 a.m. EDT. .BR IND 0202 ES DH00/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : :Indiana Temperature and Precipitation Stations :................................................................ : Station Max / Min / 24-Hr / Snow / Snow : Name Temp/ Temp/ Precip/ Fall / Depth :................................................................ : : EVV : Evansville : 33 / 23 / 0.00 / 0.0 / T FWA : Fort Wayne ASOS : 24 / 14 / 0.00 / 0.0 / 1 IND : Indianapolis : 29 / 10 / 0.00 / 0.0 / T SBN : South Bend ASOS : 24 / 19 / 0.00 / 0.0 / 2 : :Automated Surface Observation Stations/Unofficial Data BMG : Bloomington : 33 / 12 / 0.00 / M / M EYE : Eagle Creek Arpt : 30 / 10 / 0.00 / M / M GSH : Goshen ASOS : 23 / 16 / 0.00 / M / M LAF : Lafayette : 30 / 6 / 0.00 / M / M MIE : Muncie : 30 / 10 / 0.00 / M / M IWX : Northern Indiana : 25 / 17 / 0.00 / 0.0 / 2 GEZ : Shelbyville : 32 / 14 / 0.00 / M / M HUF : Terre Haute : 31 / 11 / 0.00 / M / M VPZ : Valparaiso : 26 / 18 / 0.00 / M / M : :U.S. Climate Reference Network/Non-Commissioned Site/Unofficial Data FPCI3: Oolitic 2.6 WSW : M / 15 / 0.00 / M / M : :Automated Weather Observing System (AWOS) Stations/Unofficial Data GPC : Greencastle AWOS : 29 / 8 / 0.00 / M / M HNB : Huntingburg : 35 / 17 / 0.00 / M / M OKK : Kokomo : 34 / 6 / 0.00 / M / M PPO : LaPorte, IN AWOS : 25 / -4 / 0.03 / M / M TYQ : Zionsville : 28 / 8 / 0.00 / M / M UMP : Indianapolis Metr : 31 / 11 / 0.01 / M / M AID : Anderson : 27 / 9 / 0.00 / M / M ASW : Warsaw, IN AWOS : 25 / 4 / 0.00 / M / M BFR : Bedford AWOS : 32 / 16 / 0.00 / M / M CFJ : Crawfordsville : 26 / 6 / 0.00 / M / M DCY : Daviess Aiport : 28 / 16 / 0.00 / M / M GWB : Auburn, IN AWOS : 25 / 5 / 0.00 / M / M GYY : Gary Regional AWO : 28 / 7 / 0.00 / M / M HHG : Huntington, IN AW : 25 / 6 / 0.00 / M / M MCX : Monticello, IN AW : 27 / 7 / 0.00 / M / M MGC : Michigan City, IN : 27 / 7 / 0.00 / M / M MZZ : Marion, IN AWOS : 27 / 7 / 0.00 / M / M ANQ : Angola, IN AWOS : 23 / 5 / M / M / M C65 : Plymouth, IN AWOS : 25 / 5 / M / M / M EKM : Elkhart AWOS : 23 / 5 / M / M / M FKR : Frankfort AWOS : M / M / M / M / M FRH : French Lick AWOS : 32 / 18 / M / M / M GGP : Logansport, IN AW : 28 / 9 / M / M / M HFY : Greenwood Municip : 31 / 14 / M / M / M HLB : Batesville AWOS : 30 / 14 / M / M / M IMS : Madison IN AWOS : 32 / 19 / M / M / M JVY : Clark Regional AW : 32 / 21 / M / M / M MQJ : Indianapolis Regi : 28 / 10 / M / M / M OXI : Knox, IN AWOS : 27 / 3 / M / M / M RCR : Rochester, IN AWO : 27 / 7 / M / M / M RID : Richmond AWOS : 28 / 10 / M / M / M RZL : Rensselear AWOS : 28 / 5 / M / M / M : :Unavailable parameters are indicated by M. : .END : :The temperature data for AWOS sites represents the highest and lowest temperatures that were reported on the metar observations that transmit three times an hour and may not represent the actual high or low for that site. These sites do no measure snowfall or snow depth. : :These data are preliminary and have not undergone final quality control by NCEI. Therefore, these data are subject to revision. Final and certified climate data can be accessed at the National Centers for Environmental Information /NCEI/ - www.ncdc.noaa.gov. : :Unavailable parameters are indicated by M. $$ Michigan Temperature and Precipitation Summary National Weather Service Gaylord MI 813 AM EST Thu Feb 2 2023 Yesterday's High Temperature 12 hour Low Temperature ending at 7 am EST 24 hr Precipitation total ending at 7 am EST M= Missing Data T=Trace .BR APX 0202 ES DH00/TAIRZX/DH07/TAIRZP/PPDRZZ :............................................................. : MAX MIN 24 HOUR :ID LOCATION TEMP TEMP PRECIP :............................................................. :-- Upper Peninsula Stations -- CMX : Houghton County Airpor : 18 / 15 / M P59 : Copper Harbor : 19 / 16 / 0.22 IMT : Iron Mountain Airport : 21 / 13 / M MQT : NWS Marquette : 17 / 11 / T IWD : Ironwood Airport : 17 / 9 / M ESC : Escanaba : 21 / 14 / M MNM : Menominee : 22 / 15 / M ERY : Newberry : 16 / 9 / M SAW : Gwinn : 18 / 12 / M ANJ : Sault Ste Marie : 20 / 13 / 0.00 :-- Northern Lower Peninsula Stations -- PLN : Pellston : 25 / 20 / 0.00 TVC : Traverse City : 27 / 24 / 0.00 GLR : Gaylord : 24 / 21 / 0.00 APN : Alpena : 28 / 23 / 0.00 HTL : Houghton Lake : 28 / 18 / 0.00 :-- Southwest Lower Peninsula Stations -- GRR : Grand Rapids : 26 / 18 / T LAN : LANSING : 26 / 18 / 0.00 MKG : Muskegon : 31 / 29 / 0.00 AZO : Kalamazoo : 25 / 15 / 0.00 BTL : Battle Creek : 23 / 15 / T BIV : Holland : 28 / 19 / 0.00 JXN : Jackson : 24 / 16 / 0.00 BEH : BENTON HARBOR : 26 / 19 / 0.00 :-- Southeast Lower Peninsula Stations -- ADG : Adrian - ASOS : 21 / 13 / 0.00 DET : Detroit City - ASOS : 27 / 19 / 0.00 DTW : Detroit Metro - Asos : 25 / 15 / 0.00 FNT : Flint - ASOS : 24 / 18 / 0.00 PTK : Pontiac - Asos : 27 / 16 / 0.00 MBS : Saginaw - ASOS : 25 / 19 / 0.00 WHK : White Lake : 29 / 14 / 0.00 .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information. Therefore...these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/min Temperature And Precipitation Table For Southeast And South-central Wisconsin National Weather Service Milwaukee/Sullivan WI 625 PM CST Wed Feb 1 2023 High and low temperatures are for the previous 18 hours ending at 6 PM. Precipitation and new snow are for the previous 24 hours ending at 6 PM. Snow depth is what is on the ground as of 6 PM. .BR MKE 0201 C DH18/TAIRZS/TAIRZI/PPDRZZ/SFDRZZ/SDIRZZ : : Snow Snow : High Low Precip Fall Depth : Temp Temp (In.) (In.) (In.) MKE : Milwaukee ASOS: 27 / 6 / 0.00 / 0.0 / 6 MSN : Madison ASOS: 24 / -4 / 0.00 / 0.0 / 5 FLD : Fond du Lac ASOS: 22 / 3 / 0.00 SBM : Sheboygan ASOS: 25 / 2 / 0.00 ENW : Kenosha ASOS: 27 / -4 / 0.00 RAC : Racine ASOS: 26 / 4 / 0.00 LNR : Lone Rock ASOS: 23 /-11 / 0.00 C35 : Reedsburg AWOS: 24 / 5 DLL : Baraboo/WI Dells AWOS: 24 / 7 UNU : Juneau AWOS: 21 / -4 ETB : West Bend AWOS: 25 / 3 MRJ : Mineral Point AWOS: M / M C29 : Middleton AWOS: 25 / 4 RYV : Watertown AWOS: M / M UES : Waukesha AWOS: 25 / 1 MWC : Milw.- Timmerman AWOS: 25 / 3 EFT : Monroe AWOS: 24 / 2 JVL : Janesville AWOS: 25 / 0 BUU : Burlington AWOS: M / M .End These data are preliminary and have not undergone final quality control by the National Center for Environmental Information (NCEI). Therefore, these data are subject to revision. Final and certified climate data can be accessed at: www.ncei.noaa.gov $$ Maximum/Minimum Temperature and Precipitation Table National Weather Service Chicago/Romeoville IL 625 PM CST Wed Feb 1 2023 High temperature last 18 hours Low temperature last 18 hours Precipitation last 24 hours .BR LOT 0202 C DH18/TAIRZY/TAIRZI/PPDRZZ :ID Location High Low Pcpn ORD : Chicago-O'Hare : 27 / 6 / 0.00 CNII2: Chi-Northerly Isle : 29 / 9 / MDW : Chicago-Midway : 28 / 6 / 0.00 LOTI2: NWS Romeoville : 27 / 1 / 0.00 RFD : Rockford : 25 / -3 / 0.00 DPA : DuPage Airport : 26 / 0 / 0.00 UGN : Waukegan : 27 / 4 / 0.00 ARR : Aurora Airport : 25 / -7 / 0.00 PWK : Wheeling : 29 / 3 / 0.00 MLI : Moline : 33 / 5 / 0.00 BMI : Bloomington : 33 / 5 / 0.00 CMI : Champaign : 30 / 4 / 0.00 DEC : Decatur : 29 / 8 / 0.00 LWV : Lawrenceville : 31 / 16 / 0.00 ILX : NWS Lincoln : 33 / 4 / 0.00 MTO : Mattoon : 28 / 9 / 0.00 PIA : Peoria : 34 / 6 / 0.00 SPI : Springfield : 32 / 6 / 0.00 CPS : Cahokia : 32 / 14 / 0.00 UIN : Quincy : 36 / 8 / 0.00 MDH : Carbondale : 32 / 19 / 0.00 .END Please note that only the readings for Chicago-O'Hare, Rockford, Lincoln, Peoria, Springfield, and Moline are to be used for climatological purposes. Other stations are supplemental, and should not be used for official climatological data. These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information (NCEI). Therefore, these data are subject to revision. Final and certified climate data can be accessed at www.ncei.noaa.gov. $$ Max/Min Temperature And Precipitation Table For Missouri National Weather Service St Louis MO 624 AM CST Thu Feb 2 2023 High temperature yesterday Low temperature past 12 hours 24 hour precipitation ending at 6 AM CST/7 AM CDT .BR LSX 0202 CS DH00/TAIRZX/DH06/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ :............................................................... : Station | Max | Min | 24-hr | Snow | Snow | : Name | Tmp | Tmp | Precip | Fall | Depth | :............................................................... : CGI : Cape Girardeau : 32 / 26 / 0.00 / / CDJ : Chillicothe : 39 / 16 / 0.00 / / COU : Columbia : 36 / 20 / 0.00 / 0.0 / 0 FAM : Farmington : 34 / 19 / 0.00 / / JEF : Jefferson City : 37 / 19 / 0.00 / / JLN : Joplin Aprt : 32 / 21 / 0.00 / / MCI : Kansas City Intl : 41 / 22 / 0.00 / 0.0 / 0 MKC : Kansas City Dwtn : 39 / 18 / 0.00 / / IRK : Kirksville : 36 / 22 / 0.00 / / AIZ : Osage Beach Aprt : 35 / 18 / 0.00 / / POF : Poplar Bluff : 30 / 27 / 0.00 / / STJ : St. Joseph : 41 / 18 / 0.00 / / DMO : Sedalia : 34 / 22 / 0.00 / / SUS : Chesterfield : 34 / 17 / 0.00 / / SGF : Springfield Natl A : 30 / 20 / 0.00 / 0.0 / T SET : St Charles : 32 / 18 / 0.00 / / STL : St. Louis : 34 / 22 / 0.00 / 0.0 / 0 VIH : Rolla/Vichy Aprt : 32 / 18 / 0.00 / / UNO : West Plains Aprt : 31 / 22 / 0.00 / / .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information (NCEI). Therefore, these data are subject to revision. Final and certified data can be accessed at www.ncei.noaa.gov. $$ Max/Min Temperature and Precipitation Table for Central Iowa National Weather Service Des Moines IA 619 AM CST Thu Feb 2 2023 .BR DMX 0202 C DH00/DC2302020615/TAIRZX/DH06/TAIRZP/PP/SF/SD : : Values represent highs yesterday...12-hour lows... : and 24-hour precipitation ending at 6 AM Central Time : : Max Min Snow : Location Temp Temp Pcpn Snow Depth : LWD : Lamoni ASOS : 39 / 22 / 0.00 / / AMW : Ames ASOS : 31 / 8 / 0.00 / / DSM : Des Moines ASOS : 36 / 18 / 0.00 / 0.0 / 3 DMX : NWS Johnston* : 37 / 16 / 0.00 / 0.0 / 3 MIW : Marshalltown ASOS : 30 / 11 / 0.00 / / EST : Estherville ASOS : 19 / 10 / 0.00 / / FOD : Fort Dodge AWOS : 24 / 6 / 0.00 / / MCW : Mason City ASOS : 18 / 5 / 0.00 / / ALO : Waterloo ASOS : 25 / -1 / 0.00 / 0.0 / 7 OTM : Ottumwa ASOS : 36 / 21 / 0.00 / / : :* Cooperative weather observation site : : : Other Automated Locations : : ...North Central Iowa... AXA : Algona AWOS : 18 / 5 / M / / CAV : Clarion AWOS : 19 / 3 / M / / FXY : Forest City AWOS : 18 / 1 / M / / HPT : Hampton AWOS : 23 / 10 / M / / : : ...West Central Iowa... ADU : Audubon AWOS : 34 / 10 / M / / CIN : Carroll AWOS : 28 / 9 / M / / DNS : Denison AWOS : M / M / M / / : : ...Central Iowa... IKV : Ankeny AWOS : 37 / 14 / M / / BNW : Boone AWOS : 30 / 18 / M / / GGI : Grinnell AWOS : 35 / 19 / M / / IFA : Iowa Falls AWOS : 25 / 11 / M / / TNU : Newton AWOS : 34 / 18 / M / / PRO : Perry AWOS : 32 / 8 / M / / NSSI4: Prairie City/NS NWR: 37 / 18 / M / / EBS : Webster City AWOS : 23 / 5 / M / / : : ...Southwestern Iowa... AIO : Atlantic AWOS : 39 / 14 / M / / : : ...South Central Iowa... TVK : Centerville AWOS : 36 / 21 / M / / CNC : Chariton AWOS : 37 / 21 / M / / CSQ : Creston AWOS : 37 / 16 / M / / OXV : Knoxville AWOS : 37 / 21 / M / / SSFI4: Lucas/Stephens SF : 41 / 20 / M / / I75 : Osceola AWOS : 38 / 24 / M / / PEA : Pella AWOS : 37 / 23 / M / / : : ...Southeastern Iowa... OOA : Oskaloosa AWOS : 38 / 22 / M / / : .END These data are preliminary and have not undergone final quality control /QC/ by NCEI. Therefore, these data are subject to revision. Final and certified climate data can be accessed at the National Centers for Environmental Information /NCEI/ - www.ncei.noaa.gov . $$ BSS State Temperature And Precipitation Summary National Weather Service Bismarck ND 632 AM CST Thu Feb 2 2023 .BR BIS 0202 C DH00/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : :VALUES REPRESENT YESTERDAY'S HIGHS...LOWS OVER THE LAST 12 HOURS :AND PRECIPITATION FOR THE PAST 24 HOURS ENDING AT 6 AM CST. :ASOS SITES ARE AUTOMATED AND MAY UNDER-ESTIMATE WINTER PRECIP. : :CENTRAL TIME ZONE STATIONS :................................................................ : STATION MAX / MIN / 24-HR / SNOW / SNOW : NAME TEMP/ TEMP / PRECIP / FALL / DEPTH :................................................................ : : CENTRAL TIME ZONE STATIONS .BR BIS 0202 C DH00/TAIRZX/DH07/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ BIS : Bismarck ASOS : 24 / -2 / T / T / 12 JMS : Jamestown FAA : 17 / -6 / 0.00 / M / M MOT : Minot FAA : 17 / -9 / M / M / M XWA : Williston Basin Air: 17 / -11 / T / M / M N60 : Garrison ASOS : 17 / -9 / 0.00 / M / M MIB : Minot Air Force Bas: 15 / -12 / M / M / M GFK : ASOS @ Grand Forks : 9 / -11 / 0.02 / M / 13 FAR : ASOS @ Fargo Airpor: 13 / -8 / M / M / M RDR : ASOS @ Grand Forks : 6 / M / M / M / M DVL : AWOS @ Devils Lake : 9 / -15 / T / M / M .END : MOUNTAIN TIME ZONE STATIONS .BR BIS 0202 M DH00/TAIRZX/DH06/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ DIK : Dickinson Theodore : 29 / -3 / T / M / M HEI : Hettinger ASOS : 35 / 6 / T / M / M .END These data are preliminary and have not undergone final quality control by the National Center for Environmental Information /NCEI/. Therefore these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/Min Temperature and Precipitation Table For SD National Weather Service Sioux Falls SD 740 AM CST Thu Feb 2 2023 Values represent Highs yesterday...Lows over the last 12 hours and Precipitation over the last 24 hours .BR FSD 0202 C DH00/TAIRZXZ/DH06/TAIRZPZ/PPDRZZZ/SFDRZZ/SDIRZZZ : : Locations in Central Time Zone... : : MAX MIN SNOW SNOW :ID LOCATION TEMP TEMP PCPN FALL DEPTH : ABR : Aberdeen : 20 / 3 / 0.00/ 0.0/ 8 BKX : Brookings SD : 25 / 2 / M/ M/ M 9V9 : Chamberlain SD : 24 / 11 / M/ M/ M HON : Huron Airport : 23 / 4 / 0.00/ 0.0/ 5 MDS : Madison SD : 19 / 9 / M/ M/ M MHE : Mitchell ASOS : 24 / 7 / 0.00/ 0.0/ 16 MBG : Mobridge AP : 33 / 9 / T / M/ M PIR : Pierre Regional A: 33 / 14 / T / M/ M FSD : Sioux Falls Airpo: 20 / 0 / 0.00/ 0.0/ 17 8D3 : Sisseton AP : 25 / 5 / 0.00/ M/ M ATY : Watertown Regiona: 22 / 2 / M/ M/ M ICR : Winner AP : 32 / 19 / 0.00/ M/ M YKN : Yankton SD : 32 / 5 / M/ M/ M .End .BR FSD 0202 M DH00/TAIRZXZ/DH05/TAIRZPZ/PPDRZZZ/SFDRZZ/SDIRZZZ : : Locations in Mountain Time Zone... : : MAX MIN SNOW SNOW :ID LOCATION TEMP TEMP PCPN FALL DEPTH : 2WX : Buffalo : 36 / 12 / 0.00/ M/ M CUT : Custer AP : 34 / 21 / 0.00/ M/ M D07 : Faith AP : 36 / 13 / 0.00/ M/ M PHP : Philip AP : 33 / 20 / 0.00/ M/ M IEN : Pine Ridge AP : 31 / 10 / 0.00/ M/ M UNRS2: Rapid City NWS : 37 / 22 / 0.00/ 0.0/ 3 RAP : Rapid City AP : 35 / 16 / 0.00/ M/ M .End These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information /NCEI/. Therefore...these data are subject to revision. Final and certified climate data can be accessed at www.ncdc.noaa.gov. $$ Max/Min Temperature and Precipitation Table for Nebraska National Weather Service Hastings NE 626 AM CST THU FEB 02 2023 : Values represent yesterday's highs, lows over the last 12 hours : and precipitation the last 24 hours ending at 6 am CST (5 am MST). .BR GID 0202 C DH00/TAIRZX/DH06/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : : Snow Snow : Station Max / Min / Pcpn / Fall / Depth : ANW : Ainsworth Airport : 29 / 15 / 0.00 / / BVN : Albion Airport : 31 / 5 / 0.00 / / AIA : Alliance : 32 / 4 / 0.00 / / AUH : Aurora Airport : 32 / 14 / 0.00 / / BIE : Beatrice Airport : 40 / 17 / 0.00 / / BTA : Blair Airport : 36 / 16 / 0.00 / / BBW : Broken Bow Airport: 32 / 9 / 0.00 / / CDR : Chadron : 31 / 11 / 0.00 / / OLU : Columbus Airport : 33 / 11 / 0.00 / / FNB : Falls City Airport: 42 / 16 / 0.00 / / FET : Fremont Airport : 34 / 11 / 0.00 / / GRN : Gordon Airport : 32 / 12 / 0.00 / / GRI : Grand Island Arpt : 34 / 16 / 0.00 / 0.0 / 4 HSI : Hastings Airport : 28 / 14 / 0.00 / 0.0 / 4 HJH : Hebron Airport : 35 / 14 / 0.00 / / HDE : Holdrege Airport : 29 / 15 / 0.00 / / IML : Imperial Airport : 33 / 13 / 0.00 / / EAR : Kearney Airport : 28 / 14 / 0.00 / / IBM : Kimball Airport : 33 / 12 / 0.00 / / LXN : Lexington Airport : 31 / 5 / 0.00 / / LNK : Lincoln Airport : 41 / 15 / 0.00 / 0.0 / 0 MCK : McCook Airport : 35 / 13 / 0.00 / / AFK : Nebraska City Arpt: 42 / 19 / 0.00 / / OFK : Norfolk Airport : 29 / 6 / 0.00 / 0.0 / 6 LBF : North Platte Arpt : 32 / 4 / 0.00 / 0.0 / 6 OFF : Offutt AFB : 44 / 17 / M / / OGA : Ogallala Airport : 24 / 8 / 0.00 / / OMA : Omaha/Eppley : 42 / 17 / 0.00 / 0.0 / 0 MLE : Omaha/Millard : 42 / 18 / 0.00 / / ONL : O'Neill Airport : 29 / 12 / 0.00 / / ODX : Ord Airport : 36 / 7 / 0.00 / / PMV : Plattsmouth Arpt : 44 / 18 / 0.00 / / BFF : Scottsbluff : 37 / 14 / 0.00 / / SNY : Sidney : 32 / 9 / 0.00 / / TQE : Tekamah Airport : 29 / 9 / 0.00 / / TIF : Thedford Airport : 31 / 14 / 0.00 / / VTN : Valentine Airport : 28 / 12 / 0.00 / 0.0 / 16 OAX : Valley NWS Office : 37 / 16 / 0.00 / 0.0 / 1 AHQ : Wahoo Airport : 36 / 15 / 0.00 / / LCG : Wayne Airport : 26 / 7 / 0.00 / / JYR : York Airport : 32 / 14 / 0.00 / / : State Temperature Extremes : : 44 degrees at Offutt AFB, Plattsmouth Arpt : 4 degrees at Alliance, North Platte Arpt : .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information (NCEI). Therefore, these data are subject to revision. Final and certified climate data can be accessed at www.ncei.noaa.gov. $$ Max/Min Temperature and Precipitation Table for North Central...Northeast and East Central Kansas National Weather Service Topeka KS 635 AM CST Thu Feb 2 2023 Values represent highs yesterday...lows over the last 12 hours and precipitation over the last 24 hours ending at 6 AM CST/7 AM CDT. .BR TOP 0202 C DH00/TAIRZX/DH06/TAIRZP/PPDRZZ/SFDRZZ/SDIRZZ : : ***First Order Climate Stations*** : : Max Min Snow Snow :Id Location Temp Temp Pcpn Fall Depth TOP : Topeka Billard Airport : 43 / 16 / 0.00 / 0.0 / 0 CNK : Concordia Airport : 40 / 21 / 0.00 / M / M .END .BR TOP 0202 C DH00/TAIRZX/DH06/TAIRZP/PPDRZZ : : ***Other Automated First Order Stations*** : : Max Min :Id Location Temp Temp Pcpn FOE : Topeka Forbes Field : 41 / 15 / 0.00 LWC : Lawrence Airport : 42 / 13 / 0.00 MHK : Manhattan Airport : 43 / 15 / 0.00 EMP : Emporia Airport : 40 / 19 / 0.00 .END ***Other Automated Stations*** : Max Min :Id Location Temp Temp Pcpn MYZ : Marysville Airport : 37 / 19 / M OWI : Ottawa Municipal Airport : 39 / 16 / UKL : Burlington Airport : 36 / 17 / .END .BR TOP 0202 C DH07/TAIRZX/TAIRZN/PPDRZZ/SFDRZZ/SDIRZZ : : ***Cooperative Observer Network Observations*** : Values represent the previous 24 hours : : Obs Max Min Snow Snow :Id Location Time Temp Temp Pcpn Fall Depth CPMK1: Chapman : DH0500 / 41 / 5 / 0.00 / 0.0 / 0 EPRK1: Emporia 3NW : DH0600 / 40 / 12 / 0.00 / M / M .END These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information (NCEI). Therefore, these data are subject to revision. Final and certified climate data can be accessed at www.ncei.noaa.gov. $$ Colorado Temperature And Precipitation Table National Weather Service Pueblo CO 544 PM MST Wed Feb 1 2023 High temperature past 18 hours Low temperature past 18 hours 24 hour precipitation ending at 5PM MST Snow depth at 5PM MST .B DEN 230201 M DH17/TX/TN/PP/SD : ...Colorado... : Snow : High Low Pcpn Depth AKO : Akron : 32 / 2 / 0.00 / M ALS : Alamosa : 40 / -3 / 0.00 / 0 ASE : Aspen : 27 / -8 / 0.00 / M ITR : Burlington : 30 / 3 / 0.00 / M APA : Centennial Arpt : 42 / 5 / 0.00 / M COS : Colorado Springs : 47 / 9 / 0.00 / 0 CEZ : Cortez : 34 / -3 / 0.00 / M CAG : Craig : 7 / -22 / 0.00 / M DEN : Denver Intl Arpt : 41 / 7 / 0.00 / M DRO : Durango : 36 / -6 / 0.00 / M EGE : Eagle : 25 / -8 / M / M FNL : Ft Collins Arpt : 36 / 0 / 0.00 / M GJT : Grand Junction : 36 / 13 / 0.00 / 0 GXY : Greeley Airport : 32 / -13 / 0.00 / M GUC : Gunnison : 9 / -22 / M / M HDN : Hayden : 22 / -9 / M / M LHX : La Junta : 36 / 1 / 0.00 / M LAA : Lamar : 35 / -8 / 0.00 / M LXV : Leadville : 30 / -8 / 0.00 / M LIC : Limon : 36 / -10 / 0.00 / M EEO : Meeker : 18 / -20 / 0.00 / M MTJ : Montrose : 33 / 1 / 0.00 / M PUB : Pueblo : 49 / -2 / 0.00 / 0 RIL : Rifle : 29 / -4 / 0.00 / M SPD : Springfield : 46 / 3 / 0.00 / M TEX : Telluride : 32 / 7 / M / M TAD : Trinidad : 40 / 5 / 0.00 / M .END From the above reports The highest temperature in Colorado today was 49 degrees in Pueblo. The lowest temperature in Colorado during the past 24 hours was -22 degrees in Craig and Gunnison. $$ OKLAHOMA TEMPERATURE AND PRECIPITATION TABLE NATIONAL WEATHER SERVICE NORMAN OK 636 AM CST Thu Feb 2 2023 HIGH TEMPERATURE YESTERDAY LOW TEMPERATURE PAST 12 HOURS 24 HOUR PRECIPITATION ENDING AT 6 AM CST .BR OUN 0202 C DH00/TAIRZX/DH06/TAIRZP/PPDRZZ : : HIGH LOW PCPN : :...WESTERN OKLAHOMA AND WESTERN NORTH TEXAS... LTS : ALTUS AFB : 33 / 29 / .11 CSM : CLINTON : 32 / 28 / .08 FDR : FREDERICK : 32 / 29 / .04 GAG : GAGE : 35 / 14 / 0 GUY : GUYMON : 38 / 14 / 0 HBR : HOBART : 33 / 28 / .11 FSI : LAWTON/FORT SILL : M / M / M LAW : LAWTON/AIRPORT : 32 / 29 / .06 SPS : WICHITA FALLS : 30 / 28 / .05 : :...NORTHERN AND CENTRAL OKLAHOMA... END : ENID/VANCE AFB : 31 / 22 / M GOK : GUTHRIE : 30 / 27 / .04 OKC : OKLAHOMA CITY/WILL ROGERS : 30 / 27 / .02 PWA : OKLAHOMA CITY/WILEY POST : 31 / 28 / .06 TIK : OKLAHOMA CITY/TINKER AFB : 29 / 27 / T PNC : PONCA CITY : 33 / 24 / 0 SWO : STILLWATER : 33 / 27 / .01 : :...EASTERN OKLAHOMA... BVO : BARTLESVILLE : 32 / 22 / 0 MLC : MCALESTER : 30 / 29 / T MKO : MUSKOGEE : 31 / 30 / 0 TUL : TULSA/INTL AIRPORT : 32 / 28 / T RVS : TULSA/RIVERSIDE AIRPORT : 31 / 28 / T .END THESE DATA ARE PRELIMINARY AND HAVE NOT UNDERGONE FINAL QUALITY CONTROL BY THE NATIONAL CENTERS FOR ENVIRONMENTAL INFORMATION /NCEI/. THEREFORE THESE DATA ARE SUBJECT TO REVISION. FINAL AND CERTIFIED CLIMATE DATA CAN BE ACCESSED THROUGH NCEI. WWW.NCEI.NOAA.GOV . Texas Temperature and Precipitation Table National Weather Service Lubbock TX 720 AM CST Thu Feb 2 2023 Data Through 6 AM CST Values represent Highs yesterday...Lows over the last 12 Hours and Precipitation over the last 24 hours .BR LUB 0202 C DH00/TAIRZX/DH06/TAIRZP/PPDRZZ : :ID LOCATION HIGH LOW PCPN : 24HR :...NORTH TEXAS... ABI :Abilene ASOS : 30 / 29 / 0.28 GKY :Arlington : 31 / 30 / 0.35 CRS :Corsicana : 33 / 32 / 0.23 DAL :Dallas Love Field : 31 / 29 / 0.26 DFW :DFW Airport : 31 / 29 / 0.44 DTO :Denton : 30 / 29 / 0.35 AFW :Fort Worth Alliance : 30 / 29 / 0.36 FTW :Fort Worth Meacham : 30 / 29 / T GGG :Longview : 37 / 34 / 0.84 LFK :Lufkin : 39 / 37 / 0.85 TKI :McKinney : 31 / 30 / 0.59 MWL :Mineral Wells : 30 / 28 / 0.39 PRX :Paris : 32 / M / 0.54 TPL :Temple : 31 / 30 / 0.70 TRL :Terrell : 32 / 31 / 0.03 TYR :Tyler : 34 / 33 / 0.69 ACT :Waco : 30 / 29 / 0.85 SPS :Wichita Falls Municipa: 30 / 28 / 0.05 :...WEST TEXAS... AMA :Amarillo : 34 / 22 / 0.00 HHF :Canadian Airport : M / M / M CTLT2:Castolon-Big Bend NP : 43 / 40 / 0.74 CDS :Childress : 34 / 30 / 0.04 DHT :Dalhart : 43 / 16 / 0.00 6R6 :Dryden : 34 / 33 / 0.45 ELP :El Paso : 53 / 31 / 0.00 FST :Fort Stockton : 30 / 30 / 0.29 GDP :Guadalupe Pass : M / M / M LBB :Lubbock : 32 / 30 / 0.04 MRF :Marfa : 46 / 38 / 0.87 MAF :Midland : 30 / 29 / 0.06 MUST2:Muleshoe : 36 / 18 / 0.00 ODO :Odessa : 31 / 30 / 0.05 PEQ :Pecos : 32 / 31 / 0.01 PRS :Presidio : 45 / 44 / 0.44 SJT :San Angelo ASOS : 31 / 30 / 0.19 INK :Wink : 31 / 31 / 0.01 :...SOUTH TEXAS... ALI :Alice : M / M / M ATT :Austin Mabry : 32 / 32 / 0.39 AUS :Austin Bergstrom : 33 / 32 / 0.30 BPT :Beaumont : 44 / 40 / 0.38 BRO :Brownsville : 41 / 39 / 0.08 BMQ :Burnet : 31 / 30 / 0.19 CLL :College Station : 35 / 34 / 0.81 CXO :Conroe : 38 / 36 / 0.25 CRP :Corpus Christi : 40 / 37 / 0.03 NGP :Navy Corpus : 44 / 41 / 0.03 COT :Cotulla : 42 / 39 / 0.02 DRT :Del Rio : 41 / 39 / 0.02 GLS :Galveston : 47 / 43 / 0.48 GTU :Georgetown : 31 / 30 / 0.85 HRL :Harlingen : 41 / 39 / 0.02 HDO :Hondo : 37 / 36 / 0.12 HOU :Houston Hobby : 43 / 40 / 0.22 IAH :Houston Bush : 40 / 38 / 0.73 UTS :Huntsville : 37 / 35 / 0.65 JCT :Junction ASOS : 32 / 31 / 0.02 NQI :Kingsville : 40 / 37 / 0.04 LRD :Laredo : 40 / 38 / 0.01 MFE :McAllen : 42 / 40 / 0.03 BAZ :New Braunfels : 35 / 34 / 0.28 PSX :Palacios : 41 / 38 / 0.06 LVJ :Pearland : 44 / 41 / 0.12 RKP :Rockport : 40 / 37 / T SAT :San Antonio : 35 / 34 / 0.13 SSF :San Antonio Stinson : 37 / 35 / 0.13 HYI :San Marcos : M / M / 0.27 DWH :Tomball : 40 / 37 / 0.28 VCT :Victoria : 38 / 36 / 0.12 :...OTHERS... SHV :Shreveport : M / M / M TXK :Texarkana : 35 / 34 / 0.68 .END Texas Temperature Extremes: Highest...53 degrees at El Paso Lowest....16 degrees at Dalhart These data are preliminary and have not undergone final quality control by the National Centers for Environmental Information /NCEI/. Therefore these data are subject to revision. Final and certified Climate Data can be accessed at www.ncei.noaa.gov . $$

DTN Early Word Grains 02/02 06:32 Wheat, Soybean Prices Higher Early Thursday; Export Sales Ahead March corn is up 1 cent, March soybeans are up 7 cents and March KC wheat is up 7 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 cent, March soybeans are up 7 cents and March KC wheat is up 7 cents. CME GLOBEX RECAP: Early Thursday, stock futures in the U.S. were trading slightly lower, the morning after the Federal Reserve increased the federal funds target by a quarter-percent to an upper limit of 4.75%. European stocks are starting higher, partially encouraged by comments from Federal Reserve Chairman Jerome Powell that U.S. rate hikes may be getting close to being done. USDA's weekly export sales report is out at 7:30 a.m. CST Thursday, the same time as weekly U.S. jobless claims, a report on fourth-quarter U.S. productivity and an update of the U.S. Drought Monitor. The U.S. Energy Department's natural gas storage report is at 9:30 a.m. Thursday's earning reports include Amazon, Apple and Alphabet (Google), among others. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 6.92 at 34,092.96 and the S&P 500 up 42.61 at 4,119.21. The 10-Year Treasury yield ended at 3.53%, near the lowest yields in four months. The 10-Year Treasury yield ended at 3.55%, up from the lowest yields in four months. Early Tuesday, March Dow Jones futures are down 40 points. Asian markets are slightly higher with Japan's Nikkei 225 index up 0.20% and China's Shanghai Composite Index up 0.02%. European markets are higher with the spot futures of the London FTSE 100 trading up 0.50%, spot futures of Germany's DAX trading up 1.60% and spot futures of France's CAC Index trading up 0.64%. The March euro is up $0.0017 at $1.1022. The March U.S. Dollar Index is down 0.06 at 100.97. The March 30-year T-bond is down 4/32nds, while April gold is up $29.10 at $1,971.90 and March crude oil is down $0.15 at $76.26. On China's Dalian exchange, March corn was up 0.1%, March soybeans were down 1.1%, May soybean meal was down 0.1% and May soybean oil was down 2.1%. April Malaysian palm oil is trading down 1.8%.

FARM MARKET NEWS - CORN REPORT FOR Wed, February 1 Exchange rate was 1.3317 up 0.0015 Chicago corn closed slightly higher. MAR23 HI 6.82 DEC23 HI 5.96 3/4 LOW 6.72 3/4 LOW 5.89 1/4 CLOSE6.81 Up 1 1/4 CLOSE 5.96 1/4 Up 5 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAY23+MAY23+JUL23 CK Low 1.30 8.11 319.28 1.25 7.21 283.94 CK High 1.40 8.21 323.21 1.30 7.26 285.91 CK Avg 1.39 -0.66 8.20 322.65 1.29 -0.51 7.26 285.63 Essex Cty 1.30 8.11 319.28 1.25 7.21 283.94 Mdsx Low 1.40 8.21 323.21 1.30 7.26 285.91 Mdsx High 1.40 8.21 323.21 1.30 7.26 285.91 Mdsx Avg 1.40 -0.65 8.21 323.21 1.30 -0.51 7.26 285.91 Hensall 1.42 8.23 323.87 1.32 7.28 286.57 Bruce 1.40 8.21 323.21 1.30 7.26 285.91 Putnam 1.40 8.21 323.21 1.30 7.26 285.91 Burford 1.40 8.21 323.21 1.30 7.26 285.91 Port Perry 1.05 7.86 309.43 1.25 7.21 283.94 Norfolk 1.40 8.21 323.21 1.30 7.26 285.91 Palmerston 1.31 8.12 319.67N/A Varna 1.40 8.21 323.21 1.30 7.26 285.91 Belmore 1.30 8.11 319.28 1.30 7.26 285.91 Trenton 1.25 8.06 317.31 1.30 7.26 285.91 Winchester 1.40 8.21 323.21 1.40 7.36 289.85 North Gower 1.37 8.18 322.03 1.32 7.28 286.70 Vankleek Hil 1.18 7.99 314.55 1.14 7.10 279.61 Huron FOB 1.45 1.58 1.66N/A 8.26 325.18N/A Kent FOB 1.55 8.36 329.12 1.30 7.26 285.91 Lamb FOB N/A N/A Mdsx FOB 1.45N/A N/A N/A 8.26 325.18 1.20 7.16 281.98 FOB SW Que 2.24 9.05 356.28N/A Track 2.04 8.85 348.21N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A N/A N/A N/A Sarn-Eth N/A N/A N/A N/A N/A London-Ing N/A N/A N/A N/A 1.85 7.81 307.56 Cardnl-Ing N/A N/A N/A N/A 1.95 7.91 311.50 W O Feed 2.04 8.85 348.21 US Rep 2.56 9.37 368.88 Toledo El. -0.40 6.41 252.37 -0.40 5.56 219.00 TRANSFER Pt. Colb 1.40 8.21 323.21 1.35 7.31 287.88 Prescott N/A 1.70 7.66 301.66 HI SD CRN 1.40 8.211 *Wet Bid

DTN Closing Grain Comments 02/01 13:48 Soybeans and Bean Oil Plunge on Weak Outsides; Corn Recovers The entire grain and soy complex proceeded to take it on the chin early on the first day of February. With more rain showers falling in Argentina in coming days, and with more talk or recession fears ahead of Wednesday's Federal Reserve meeting, the sellers came out in force. However, by the end of the day, corn and wheat had recovered, with only beans and oil finishing sharply lower. Dana Mantini Senior Market Analyst GENERAL COMMENTS: March corn closed up 1 1/4 cents per bushel and May corn was up 2 cents. March soybeans closed down 17 3/4 cents and May soybeans were down 13 3/4 cents. March KC wheat closed up 5 1/2 cents, March Chicago wheat was down 1 1/2 cents and March Minneapolis wheat was up 2 3/4 cents. The March U.S. Dollar Index is trading down 0.265 at 101.650. The Dow Jones Industrial Average is down 330.51 points at 33,755.53. April gold is down $4.70 at $1,940.60, March silver is down $0.24 at $23.60 and March copper is down $0.1090 at $4.1170. March crude oil is down $2.46 at $76.41, March heating oil is down $0.1915, March RBOB is down $0.1177 and March natural gas is down $0.206.

Market Matters Blog 01/30 10:56 CP-KCS Rail Merger and West Coast Labor Contract Updates There are new developments in the proposed merger of CP and KCS merger, while West Coast dock workers still have no contract. Mary Kennedy DTN Basis Analyst On March 21, 2021, the Canadian Pacific Railway Limited (CP) and Kansas City Southern Railway Company (KCS) announced that both Class I carriers had entered into an agreement to merge. In December 2022, the stockholders of the CP and KCS voted to accept the merger of the two railroads, and shares were placed into a voting trust as the deal awaited approval from the U.S. Surface Transportation Board (STB). Since that time, the STB has been accepting comments from anyone in support of and/or opposed to the proposed CP-KCS merger. Given the many comments from shippers, railroads and even members of Congress, the STB held a public hearing on the CP-KCS merger Sept. 28-30, 2022, which was extended to Oct. 3-7, 2022. For seven days, the STB heard testimony from shippers, communities, public officials and other railroads who all testified why they supported or did not support the merger. In addition to all of the above, an environmental impact study of the merger was done by the STB Office of Environmental Analysis (OEA). On January 24, 2023, the STB issued a Final Environmental Impact Statement (EIS) for the proposed acquisition of KCS by the CP. A draft of the EIS in this proceeding was issued on Aug. 5, 2022, for public review and comment. The public comment period ended on Oct. 14, 2022, according to the STB. The final EIS responds to comments received on the draft EIS and provides additional information on the resource areas of grade crossing delay and safety and noise and vibration, and sets forth OEA's final recommendations, including final recommended mitigation measures to the STB, noted the press release. The STB said that issuance of the final EIS completes their environmental review of the proposed acquisition of KCS by CP. The STB said it will "consider the transportation merits of the proposed acquisition, and the entire environmental record, including the draft EIS, final EIS and all comments received as part of its final decision in this proceeding." On Jan. 25, the U.S. Department of Justice's Antitrust Division, which did not testify in the merger hearings last fall, sent a letter to the STB stating, "The consolidation of Class I railroads presents substantial concerns, including: lessened competition among Class I railroads to attract new industry locations; reduced incentive to invest in research and implementation of important new technologies, such as Positive Train Control; and the danger of industry-wide understandings and agreements that become more likely as the industry becomes more concentrated. The Antitrust Division emphasizes that the Board should not interpret the Antitrust Division's absence from the Board's September 2022 proceedings to imply otherwise." The letter added, "The President Executive Order on Promoting Competition in the American Economy (EO 14036) directs all agencies with authority over mergers to consider their role in promoting competition. Class I freight rail was a significantly concentrated industry before the proposed transaction. In light of the trend toward concentration in the industry, the Board should carefully consider the competition impacts of further consolidation. This is especially relevant in light of the recent supply chain disruptions that have wreaked havoc on American consumers and businesses. Freight rail connects us from farms to cities, and from the ports through the heartland, and carries the goods that Americans depend on. Competition in this critical infrastructure is essential. The Board should scrutinize any transaction that could weaken our freight rail system." It is now up to the STB to make the final decision on whether the merger is approved. The STB must now wait 30 days from the release of the final EIS to issue its final decision on the merits of the CP-KCS merger. In the recent letter to the STB, the Justice Department made it clear that it is the "Attorney General's statutory right to intervene in Class I merger proceedings. The Department remains committed to working collaboratively with the STB to protect and promote competition in the railroad industry, including by sharing our perspective on pending transactions." NO NEW CONTRACT YET FOR WEST COAST LABOR On July 1, 2022, at 12:01 a.m., the contract (collective bargaining agreement) between International Longshore & Warehouse Union's (ILWU) 22,000 West Coast Port dockworkers and the Pacific Maritime Association (PMA) expired. Talks between the two groups had been ongoing since May 2022, and continue even after the contract expired. Both sides said in a statement on the ILWU Local 13 website ahead of the contract expiration, that "Neither party is preparing for a strike or a lockout, contrary to speculation in news reports. The parties remain focused on and committed to reaching an agreement." Just a reminder that the collective bargaining agreement mentioned is between employers who operate marine terminals and shipping lines represented by the PMA and the dockworkers represented by the ILWU. "The contract covers more than 22,000 dockworkers at all 30 U.S. West Coast ports, from San Diego, California, to Bellingham, Washington. Talks for a new agreement began on May 10 in San Francisco and will continue until the parties reach a new agreement," said the website. It hasn't been 100% smooth sailing during the ongoing talks. As the talks entered into their fourth month, CNBC reported on Sept. 28, 2022, that the ILWU had been accused of using slowdown tactics that reduced cargo handling at the Oakland and Seattle-Tacoma ports. "However, according to the CNBC Supply Chain Heat Map, operations at these ports have been in line with the ports' recent productivity and there have been no significant cargo handling issues recorded," said CNBC. "The ILWU is working and negotiating, and we've done both successfully for nearly 90 years." ILWU Coast Committeeman Cameron Williams told CNBC. "Unfounded rumors are rampant during negotiations, and it's unfortunate that some media publish opinions instead of facts." On Nov. 8, the Wall Street Journal reported that a dispute between two unions over which workers get certain jobs at a cargo-handling terminal at the Port of Seattle was holding up labor talks between West Coast dockworkers and their employers. "The Seattle dispute pits the International Longshore and Warehouse Union against the International Association of Machinists and Aerospace Workers," said the article. While there has not been any hint of a strike, West Coast port leaders are becoming nervous as the talks drag on. "Historically, the long end of these negotiations has got about a max of nine or 10 months, and that will put us into February, the first quarter at the latest," Port of Los Angeles Executive Director Gene Seroka said in a Dec. 2022 interview on CNBC. "Bargaining is very hard. In addition to coastwide frameworks, salary, benefits and other key items, including automation, we have 29 ports with local supplements that have to be concluded and most of it is behind the scenes. This is a lot of work that has to be done in these negotiations." The bottom line is that the ILWU and PMA have yet to settle on wages and mainly, the contentious key issue of automation, which translates to container-handling machinery and loss of jobs for union workers according to the ILWU. As the talks drag on and no agreement is finalized, it is possible that U.S. Labor Secretary Marty Walsh may get involved, and maybe even Congress, as they did in the recent rail contract problems. Link to all 3 Volumes of the final EIS: https://www.stb.gov/news-communications/latest-news/pr-23-02/ Link to the entire Justice Department letter to the STB under filings, 1/24/2023, FD_36500, 306023: https://www.stb.gov/proceedings-actions/filings/ June 30, 2022, story on the West Coast contract expiration: https://www.dtnpf.com/agriculture/web/ag/blogs/market-matters-blog/blog-post/202 2/06/13/west-coast-longshore-negotiations Link to the December 2022 video interview with Port of Los Angeles Executive Director Gene Seroka: https://youtu.be/SxXEopoGSnI Mary Kennedy can be reached at mary.kennedy@dtn.com Follow her on Twitter @MaryCKenn (c) Copyright 2023 DTN, LLC. All rights reserved.

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