'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.
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