Just before the dawn
Final pre report shuffling moved corn a penny lower, 383 1/4, while beans slipped 3 3/4 to 943 1/2. Wheat caught a bid on global firmness and talk that there will be a measurable reduction in acres Friday. 562 1/4, plus 9 1/2. Rice closed 20 1/2 higher as stops to the upside got ran, and the shorts in the H/K spread got blown out at the same time. Made for the classic short march squeeze. In a few short days, the march/may spread went from 2/3 carry to 15 over. Wow. Dow continues its march 159 higher, 28,929, and the bonds recover 14 tics to 156.26.
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