Thursday exports soft everywhere but corn. Great Corn sales and shipments lead us out strong posting a 644 high but leak to 631 3/4, off 1 3/4. Wheat followed, off 1 1/2 to 662. Meal reset still taking place and dumping another 13 bucks up front with soy off 29 cents, 1419 1/2. Margins on short soy puts is tearing up some of the players. April will go off Friday. Rice pops 30 1/2 to 1756 as we really start to squeeze the fund short and approach technical places where they presumably give up. Could see a spike blowout soon. Dow churn machine back on, 32,319, up 61 points and bonds up 26 tics, 131.25.
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