Monday Tuesday dow
Tuesday Dow trade off 588 giving back 1/2 of Monday, 25,880. Bonds up 30 tics to 172.01. Wheat up 4 to 527 1/4, but still well below 535 area of support it violated. Talk of china thinking about wheat, but i think that is a diversion to the real story. BTW, cofco(china) was the deliverer of 1000 beans to put pressure and diversion on the board, while Bunge is taking back the meal it put out in December. Trickery and slight of hand is afoot. Beans up 2 1/2 to 903 1/2. Corn up another 5 3/4 to 381 1/4 and tested 385. That will be the resistance for now. Rice off 7 to close 1353 and the funds better defend today or we are about to set up a bloody wash out.
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