Thursday

Exports solid in beans and wheat to start Thursday trade, but wheat faded 20 from the highs to close 2 lower, 838 1/2, and beans lost the rally as well, 1282 1/4, up 1/2 cent.  Rice bear at it again but little result, 1601, off 2 and feeling like we are placing this wave low.  Corn exports soft and we give up  2 3/4 to 682 1/4.  We need to clean up November rice and bean futures positions in front of next weeks deliveries today.  Dow continues the upward move, 32,074, 202 higher, and bonds up another 28 tics, 122.11, four full points above Monday close.