Thursday

Grains found a bid as the short side wasn't getting the effect they hoped selling the hole.  Some rumors about china, both current sales and a bigger agreement.  Corn up 3 3/4 to 318.  Ethanol usage ramping right back up and lots of plants shut in will allow for margins to get healthy very quickly, and even though they don't care about the farmer, they care about their margins.  That's what turns the plants, and demand back on. Beans up 11 3/4 to 844 1/4 as we are at least 60 cents too cheap still.  Wheat gains a nickel, 522 1/2.  Rice up 16 cents, 1505.  50 deliveries by one holder from march to a commercial long in may by my guess.  Dow up 330 points, 23,843, and bonds gain 2 points and 13 tics. 181.04.  Fed funds are calling for negative rates next year, as we had mentioned earlier, and 181 bonds is still cheap if that comes to pass.