Thursday

Thursday Ag market had no real feature other than just back and fill.  Corn off a couple to 378 1/2 in a boring trade.  Did feel like a bear was trying to force the issue late.  That hasn't usually worked.  Wheat gives back 5 1/4 to 560 and same story in beans, 892 3/4, minus 4 1/2.  Roll still the story in rice as we are down to 3400 march now, 1343 1/2, plus a penny.  Looks like someone is buying may vertical calls and paying for it with puts.  Dow was 400 lower, corona virus the excuse, but really computers working at expanding the range.  Bigger range, higher vol for them to sell to retail.  29,171, off 155.  Bonds have the requisite bounce for 31 tics, 163.30.  There isn't a central bank on the globe that can or will raise interest rates, and a dollar this strong ties the feds hands as well.