Thursday

Beans the feature again on the surface Thursday, but to me the Dow stabilizing and bonds getting to fair pricing are more important in the bigger picture.  Dow up 325 points, 33,018 and seems like they have succeeded in placing a new lower point to churn from.  Stability and predictability are more important than price to the machine.  Bonds off another 31 tics, 122.07 and they will surely try to base them down here somewhere soon as well.  Exports were delayed, and soft as expected and I do worry that for corn we are feeding wheat in places that should be buying our corn.    Soy picks up another 15 to erase the Tuesday drop, 1509 1/4.  Wheat up 2 3/4 to 712 3/4 and India stories of a wheat shortfall are getting traction.  Corn leaks a couple cents, 633 3/4.  Rice up 7 cents, 1759 and getting into some selling​ territory.