Thursday

Thursday trade driven by stability in the financials with Japan Debt market correcting and US Bonds gaining another 7 tics, 115.06.  I always wander if these smaller events are dry runs at bigger targets, so my radar for US long term debt is up for a while.  Dow up 293 points, 49,558 and totally erasing the Trump pre-Davos break.  Wheat hoping to finally find a floor, 515 1/2, plus 7 3/4 and corn recovered Wednesday drop, 424, up 2 1/4.  Beans wanted to be better but just kept getting offers, 1064, minus 1/2 cent and rice slipped 10 1/2, again giving back Wednesday gain, 1068 1/2.  Lots of churn for not much cheese in the grain room, and in the financials too.