Thursday

Thursday trade has the computer churn systems setting their traps in my eyes, with spikes to get the suckers in play and bigger ranges to get the churn trade profits thru the day.  Corn trades 550 but falls thru the day to 534 1/2, up 1/2 cent.  Same story across the Ag board, with wheat higher but off 11 1/4 lower by the end, 647.  Great bean open and bled all day, 1353 1/4 off 21 1/2.  Meal $9 softer.  Rice off 6 1/2 to 1339.  Dow in a 900 point range and up 318 at the close, 30507.  169.18 bonds, off 28 and weaker than I expected.