Thursday exports solid in corn and beans, as well as three days in a row of 600K plus corn sales flashes to China. Corn up 6 1/6 to 632 3/4 with spreads tightening. Beans pick up 2 1/4 to 1491 1/2 with oil finally getting a bid and Palm possibly pausing. Bean oil needs to base because I just cant see meal holding. I've been awful early on that call though. Wheat takes a breather, 699, off 3 3/4. Rice closes up a couple, 1729, after taking another run at 1750. Commitments for 3/7 dropped after the close and funds were nearly out of their corn long but added back to soy and meal. Funds still net 2500 short old crop rice. We should get the final catch up after Friday close. Dow up 389 points, 32,484 and bonds off a point and 3 tics, 130.19, and nearly 3 full points lower than the highs of the day. Lots of people in the financial world praying the financial genie has been put back in the bottle. I'm not so sure.
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