Thursday

Thursday exports nothing to write home about, other than solid rice numbers which were past due.  Looks like something positive came out of the party in Cancun.  Weather getting more attention than depression as there are hot spots all around the northern hemisphere and if some of the longer range heat shows up, we are going to be dealing with Brazil 2.0 right here at home.  Meal up 12 bucks and banging on 430 again with beans up 15 3/4 to 1709 1/2.  Corn picks up 14 1/4 to 788 1/4 and wheat lights up the board, 1078 1/4, for a 28 1/4 gain.  Rice bear pushing the thin market down another dime, 1635 1/2, and a gain in open interest makes me wonder if the same fund that ran us too high last week is getting short now.  Might as well give him some room and a haircut twice in a month.  Bonds gain a point to 133.13, and Dow spanked down 732 points, 29,919.