Thursday

Nothing solid in exports Thursday but as low as we are, the grain room isn't inclined to push down as hard anymore.  Corn off 3/4 of a cent, 382 and wheat seems to be basing, 532, plus 4 3/4.  I like to see wheat floor as it takes some of the bear fuel away from corn.  1009 beans off 5 1/2 and March bean vol is really cheap.  Rice bull didn't defend after an early push and we had nearly a 60-cent range after we rolled over, settling off 18 cents, 1507.  Low of 1480 happened quickly and woke up a few I suspect.  Dow off 559 points, 40,514 and bonds up a point and 24 tics, 122.17.  Complacent bulls in stocks just got a wakeup call as well.