Thursday

Thursday exports nothing to get excited about, but firm cash markets had beans up 29 more to 1769 with firm meal and corn gaining 8 1/2 to 773.  Corn closed nearly a dime off the highs though and Beans had backed up a fair bit as well.  Wheat in a chop range lower but couldn't stay much lower, 1071 1/4 close, off 3 1/2.  Rice roll finally got some wheels and the long rolled part but flat sold a big piece, pushing us 28 1/2 lower, more than erasing all of Monday outsized gains.  1663 1/2.  Scary story to me is financials with the churn trade losing out the flat liquidation in the Dow, off 626 on the day and looking to me for a bit like it could get bloody, 32,263, and bonds stalled out, up only 3 tics, 138.03, as flight to quality never materialized, when it probably should have.