Thursday

Dow was ugly most of the day with firm bonds and that put some pressure on most everything.  Corn tried to look higher bur dropped 6 to 536 3/4.  Wheat off 4 1/4 cents, 618. Rice bear pushed and got us 12 1/2 lower, again into what I would consider cash based buying, 1276 1/2.  Beans of 1 1/2 to 1365 1/4, but that was down from a 1383 high.  Bonds closed up 21 tics, 163.30, and the Dow needed a solid bounce to still be off 274 points, 34,294.  On the lows in the Dow I was beginning to wonder if the churn machine was going to reset to a lower price-point, but the late pull back negated some of that fear.