Thursday

Thursday WASDE had nothing bearish and beans and meal especially loved that set up because so many of the fund longs had left the building.  Meal rocked higher and soy bumped up against 13 bucks before settling 1290, plus 37 1/2.  Corn gained 8 cents, 496 and wheat was good for 15 1/2 to 571 1/2.  Rice stalled at unchanged, 1593. I'm not drinking the bull cool-aid just yet.   Israel is going to be a continual issue I'm afraid and the bonds gave back a point and 29 tics, 111.15 while the Dow dropped 196 to 33,796.