Tuesday

Tuesday corn had the best follow-thru buying, up another 7 3/4 to 540 3/4.  Sept wheat backed up 7 to 633 3/4. Nov beans up 1 3/4 to 1351 3/4 as oil caught up with yesterdays move in the beans.  Rice closes 1305 1/2 with a nice 16 cent bounce, really on a lack of sellers.  The fund seller dipped his toe in rice first because of carry spreads, and is doing the same with Dec corn.  I don't think as long as carry stays in the spreads they will be too easy to force out.  I do think they could take some heat for their timing.  Dow off 99 in a back and fill day, 34,776, while bonds leak a point and 2 tics, 161.14.