Thursday

Solid export sales Thursday morning put a floor in corn and beans, with corn gaining 9 3/4 to 534 1/4 and beans up 24 1/4 cents, 1430 1/2.  Smaller gains in OI, and most OI gains are coming in new crop now, which to me is much more supportive in the big picture.  Meal up better than $7 and wheat 9 1/2 better as well, 670.  Rice closes 1315 1/2, plus 3 1/2,  with fund buying and the last trading day of January behind us, abet with 50 new receipts out of Ottwell to carry.  Nothing day in the Dow, 30,909, minus 50 and the bonds drop a point and 5 tics, erasing Wednesdays bounce.  That was a short bounce.