Thursday

Solid corn exports lead the Thursday action and corn gained 7 cents, 469 to end the day.  After a strong expected open the market looked like it might falter and wheat and soy trade didn't help, but corn really held its ground and pushed higher to make the solid close. We are in the higher area of where I thought we might trade in corn right now, but you have to respect this action.  Beans traded both sides but did manage a 4 3/4 better close, 1013 while wheat lost 6 1/4 cents, 557 1/4.  Rice pressed lower again early by the system but couldn't find stops and we fully recovered, 1331, up 3 1/2 and bid.  Dow churn for nearly 600 points and 44 lower close, 42,286 and bonds gain 6 tics, 117.23.  Thats a full point off the high tic.