Thursday

Thursday exports were a disappointment across the board, and global buyers are balking at paying current prices.  Everything gets hit hard early and recovers to manageable losses, but I think this market is due a rest.  Corn off 4 1/2 to 554 3/4.  Wheat down 8 1/2 after a solid bounce, 671 3/4.  Beans close 1406, off 17 3/4 after setting a new high and breaking to 1391.   Rice off 6 1/2 to 1280 1/2 and new receipts registered as we close full carry on the spread and we are delivered out of March already.  Will be switching to May Ag reporting as we are now in March deliveries.  Dow off 545 after setting a new high, 31,371, and bonds off a point  and 27 tics to 159.22.  they had a 157 handle at one time.