Thursday

A lot of minor moving pieces involved in Thursday trade.  Dow traded up to a record and settled 261 points better, 41,439 while bonds slipped 12 tics, 123.19 so money was a little loose.  Delivery pressure for the grains lifted a little early with it being first intentions but I think stubborn longs in Sept were for the most part done. Deliveries were light.  Exports were decent enough although I'd still like to see our rice buyers in more scale.  Switching to Dec for the corn, 396, plus 5 1/4.  Dec wheat up another 7 1/4 as well, 548 3/4.  November beans gained 15 1/2 cents, 992 1/2.  Rice was softer with Sept off 9 and Nov down 29 1/2 to 1485.  No deliveries in rice on first notice day although I expect that to change next week.  The spread is giving free money to the delivery warehouses.