Thursday

Thursday finally got the export sales catch up, but lumped together it really didn't have any effect.   As the combines work north and the dollar stays strong, its hard to justify keeping the false rally we had at the beginning of the week.  Corn slips 4 3/4 to 677 1/2.  Beans down only 3 1/2 to 1451 1/2.  Wheat gets spanked for 27 1/4 cents, 845.  Wheat is just a casino.  Rice picks up a couple cents, 1782 as the harvest isn't getting any home runs and India crop is shrinking.  Dow off 181 points, 31,070, and some expecting it to drop another 20 percents, while bonds slip 18 tics, 131.13.  Soon enough all the worlds governments are going to have to figure out how to pay interest on all the debt they have run up, and most don't have the tax base to seize to pay the piper.  This could be an interesting and cold winter in the EU, especially for the PIIGS.