Thursday

Thursday opened with nothing special in export sales, but then there was a million-ton flash of corn sales to China.  Market couldn't hold much of a gain at the end, 816, up 1/2, but it did hold.  Beans off 20 with May late players looking for the sidelines, 1706 1/2.  Wheat slipped 6 as well, 1074.  Rice up 11 1/2 to 1677 1/2 and curious about the strength with nothing on the front burner.  Deliveries current and with no real surprise we got some fresh receipts out of Ottwell.  I struggle with why a firm gives up physical control at full carry.    Dow takes the path of least resistance up 602 points, 33,828, and bonds slip 10 tics, 141.07.