Short Thursday

Shortened hours Thursday leading us into the holiday weekend.  Export sales have something for a bull if he wanted to look, but selling pressure thru the day pushed corn down 7 to 343 1/2.  Long weekend of weather risk, but also political risk, so I think some took the quick money rally and put a little cash in the pocket.  It is an order flow market.  Beans held much more firm, 890, only giving back 1 1/4.  492 wheat is off 6 3/4. Rice buyer kept the market fairly solid, 1231, off 3 1/2.  July squeeze better happen soon, and OI doesn't have a big number.  Make no mistake, the funny money boys could print a silly number late in the game, but its for display purposes only.  Dow closes 25,759, up 184, but 300 points off the highs.  If its a quiet weekend those highs will get taken out.  Bonds up 5 tics, 178.09.