Dow with a solid bounce Tuesday, 33,849, plus 582 and bonds off 2 points, 15 tics to 154.18. Wheat limit up again, 1059, 75 higher. That's the friendly, but I would say the financials are just big level churn, and the Wheat is straight up short squeeze. Rice only had a 3 cent follow thru, 1621 1/2. Corn hit 747 and faded to 725, off 3/4 cent. Beans dropped 27 cents, 1663.
New month with Tuesday bringing new Ukraine fears and probably some new money based on open interest climbing in all the grains. Wheat limit up, 984, plus 50, and corn gains the 35 cent limit as well, 726 3/4. Rice pops 50 as we appear to have a new fund buyer, 1618 1/2, and beans gained 53 1/4 to 1690. Bonds gain 2 points, 14 tics, 157.01, and Dow loses 573 points, 33,267.
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