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Exports Thursday not surprising anywhere and the China corn cancellations are a drag. May corn off 14 1/2 to 627. Wheat pushing lower as well, 614 3/4, minus 12 1/2. Beans drop 9 1/2 cents, 1426 3/4 with meal OK but oil getting oversold. 1686 rice is off 7. All the grains hit going into delivery on the close and margin clerks forcing out the last of the longs. Dow pops back firm all day and 505 points higher at the close, 33,929. Bonds off a point and 10 tics, 130.13, rejecting the 133 area again.
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June 2023
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