Thursday

Solid exports in beans and wheat Thursday morning, would like to see a little more in corn and there is supposed to be a fair amount in the rice pipeline that still has not shown up.  I expect we will see sales and ships a lot closer together this year.  Biggest risk to new crop sales is the river depth and freight.  We are the best game around the globe for pretty much everything we produce at these funds exaggerated lows.  Fear of the day is Canadian rail strike.  Corn off 4 cents, 371 1/2.  Beans beat down 21 3/4 to 941 3/4.  Wheat briefly looked like it was going to take out 5 bucks but bounced to 511, still off 8 3/4.  Rice got a 12 1/2 cent bounce to 1491 1/2.  Options expiration Friday should have an effect on what should be a muted trade.  Dow range opening up and off 178 points at the end, 40,828 and bonds off a point and 11 tics, 124.01.  Something quiet might have gotten said out loud at a bar in Jackson Hole.