Solid new exports reported with flash sales of meal, corn and wheat. China wheat purchases confirmed and we gain 17 3/4 to 620 1/2. Big issue now is how much total they will take. So far the short fund has not ran for the hills and as I sit right now I believe the cash market is happy to absorb the sales. Wondering if we have just set a floor or something bigger. We probably need to see china back at the trough to blow the funds out. Oats up a dime. Corn up 3/4 cent, 485 1/2. River conditions have allowed for some unusual locations delivering against the Dec contract. The farmer needs a healthy river. The 1325 area didn't hold in soy and we lost 18 3/4 to 1306 1/4. Rice short system testing the bulls which appear to be a bit over their skis, 1690, off 28 1/2. Dow off early but recovers to 36,268, minus 35 while bonds slip 19 tics, 117.18.
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