Thursday corn gains a nickel to 393 3/4, taking out the 390 resistance on solid volume and reports of new export sales to a few locations. It helps that we are as cheap as anyone in the world. Wheat reversal didn't happen, 580 1/2, plus 2 3/4. Beans leaked another 4 1/4 to 909 1/2 with a big Brazil crop getting bigger and most believing China is done here until harvest. I'm not so pessimistic. Rice bull saw no selling and no volume, so took the opportunity to push higher again, 1362 1/2, plus 19. Bull programs work pretty darned well when there are solid fundamentals. But no doubt we are waaaaay over our skis right now. Dow off 13 points, 29,127, and bonds up another 24 tics, 159.18.
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