Thursday

Great export sales to start Thursday trade with a bang and fund longs make easy work of beans, 937 1/4, plus 17 3/4.  Wheat pops for 10 1/2 as world prices firm, 542 1/2.  Rice up 36 1/2 to 1262 as we look to establish just how much damage the hurricane caused to La and Texas.  Lake Charles storm surge was less than feared by reports I have seen so far. Lots of rice and corn acres are at risk of wind and rain damage in Arkansas Thursday night.   Corn up 3 3/4 to 344 1/4 as the funds are still liquidating shorts, but I think that buyer is about done.  Dow up another 156 points, 28,468 as the fed speak was lower interest rates longer, but bonds drop a point and 24 tics as the bond boys, and that's the big money, is calling B.S. This show should unwind soon.