Thursday

Holiday driven trade Thursday with corn up 1/4 at the end of a churn day, 569 1/2.   Corn open interest up a fair piece to accomplish nothing should give the bulls pause.   Wheat gained another 9 1/2 to 812 1/2.  Beans up 4 1/2 to 1221 1/2 and more rumors of an EPA announcement that favors Bean oil over corn.  Rice is up 17 to 1406 as the short buys his way out of the hole.  OI off 444 in the rally.  Dow off 163 but acts like a base that needs to hold the lows, 35,829, and bonds slip 11 tics, 161.25.