Thursday

OK exports to start Thursday and most of the day spent cleaning up positions in front of Friday WASDE at 11.  Corn gains 8 to 629 1/4 and wheat picks up 11 to 810 3/4.  Beans up 11 1/4 to 1520 1/4 with strong products.  Rice gets a 13 1/2 cent bounce, 1708.  Problem I see is no real gains in open interest in the grain room, just a shuffling of the deck.   We could see some outsized moves on the WASDE report if it triggers any of the big players systems where they are willing to put money to work.  If we get another punt, I would expect the grains to drift lower into harvest.   Dow strong early but gives back most of the day, 33,304, plus 44 points.  Bonds off a full point and 30 tics, 140 even.  That was a quick 4 point drop.