Thursday

Thursday exports solid again in beans and ok for rice for a change, soft everywhere else.  Meal bumping against 470 is not sustainable in the global or domestic market and oil is trying to base allowing another 14 1/4 cent rally in beans, 1486 1/4.   WASDE today better be at least a punt.  At some point very soon, we are going to switch from Argy weather to Brazil harvest.  Wheat slips 3 1/4 to 746 1/4 and corn up 1 1/4 to 642 1/2 in a nothing day of trade.  Rice works both sides of unchanged and the sellers aren't getting paid for their new shorts right now, 1675 1/2, plus 4 1/2.  Dow got a 178-point bounce, 33803, and bonds gave back 30 ill-gotten tics, 131 even.