Pause

Good exports in corn, beans and rice didn't give us much bounce, but did mostly keep the bears at bay.  Corn off 1 1/2 to 379 1/4, while wheat leaked 5 3/4 to 556 1/4.  Wheat sure has spent a lot of time getting churned in this area.   Rice off 1 1/2 cent, 1352 1/2, with spread roll the main feature.  Beans actually gained a penny, 881 as meal seems to be finding a base.  March meal and corn have some pretty big fund short positions that will need to be rolled or covered.  The oil roll almost has no choice but to press carry.   Dow churning but finding a higher bid late, 29,328, plus 87, while the bonds also seem to have found a bit of a base, 161.12, up 8 tics.  Interested to watch tomorrows close for how the computers want to paint the weekly charts.