Good exports to start the day Thursday and more china corn buying on tap. Corn closed mid range at 664 1/2, plus 6 1/2 and new crop up 13. Wheat a drag on the market as the crop tour is showing some record type results assuming we don't get too wet as the crop finishes, and we are talking about Kansas, not Arkansas. CBOT wheat off 4 cents, 675 1/4. Rice bear continues the push, although a bit slow to the dance, 1328, off 8 1/2. For a rice bull, this is death by a 1000 cuts, and it is by design. Beans settled off a nickel, 1533 1/4, a dime off the lows but 20 off the high. Options vol is getting sucked out, as it normally does in a break. Dow had a 600 point range and closed up 197 points, 34,028. Bonds rallied 30 tics to 157 even, near the high side of what I would expect if the Dow doesn't roll over.
Comments are closed.