Thursday

Thursday trade more just prepping for Friday morning WASDE, but wheat did continue breaking thru support levels, 692 1/4, off another 17 1/4.  Beans were off 9 to 1270 1/2 with weak oil.  Corn dead in the water, 510, minus 1/4.  Rice slipped a penny, 1331 with current and new deliveries expected.  Dow tried to look up but there is a reasonable amount of big banker talk looking for an equities set back,  34,870, off 142, while bonds gain 31 tics, 165.04.   When you feel your best option as a money manager is 165 bonds with our current spending agenda, that says something.