Thursday

Thursday opened with solid exports to me, but market thought otherwise as the computer churn machine  went looking for sell stops.   Corn off 11 1/2 to 546 1/2 with 18K in position pukes.  Rice gives back the Wednesday rally, 1303, minus 18 1/2.  Wheat continues the leak as the softest global grain, 630 1/2, off 9 1/2, but don't forget it can become feed.  Meal and oil soft at the same time, so beans get pushed down 25 1/2 to 1392 1/4.  Dow sets new highs but backs off 350 points, and 139 lower on the day close, 32,765. Bonds set a new low and bounce near a point to 154 even, off a point and 5 tics.