Thursday

'USDA didn't disappoint on Thursday stocks and small grains reports, with bearish corn and really bearish beans, along with a friendly wheat report.  Wheat gained 15 1/4 to 725 1/2, and probably has a floor pretty close to here.    That's the good.  The bad has rice off 9 cents, 1371 1/2 and rolling over, and corn off 2 1/4 to 536 3/4 on a late rally.  The ugly is beans off 27 3/4 to 1256, and probably still way to high based on my numbers.  Oil gave a bid but meal is lust plain ugly.  Dow off 543 to 33,722 and better get some good news soon, while bonds up 4 tics, 159.07.