Thursday

Thursday exports had enough positive hidden in them to help grains push shorts out.  Corn up a nickel, 329 and pressing on the current 330 perceived resistance.  Funds with huge shorts will aggressively cover if 330 would start to act as support.  Another dime to the upside would be almost expected at that point.  Oats rocked almost 14 higher to 345 as well.  Beans up 10  1/4 to 867 3/4 with meal finding a solid bid, and a nervous spec short.  Wheat gains 11 3/4 to 523 3/4.  Rice limit bid again, 2206 1/2, but big volume trades in the synthetic 30 higher +-, and that's a sign two professionals are transferring a position.  Dow in a quiet churn, 26,253, plus 25, and bonds off another point and 16 tics, 175.20, reaffirming the likelihood that our currency is done for the upside big picture.