Thursday

Great export sales fuels Thursday rally to new highs in the beans, 1201 1/4, plus 17 1/2.  Corn pops 5 1/4 to 432 1/2, and wheat up 10 1/4 as well, 608 3/4.  Global demand increasing as the price increases.  Perception of shortage creates shortage.  Rice up 24 1/2 to 1258 1/2 and back near the top of the range.  Based on a few futures signals, maybe we are moving from a 550-575 range to a 560-590 range.  I think its safe to say that more than just Venezuela is out there.   Iraq or Haiti would be my guess.   Dow continuing the churn up, 30,202, plus 128, and bonds slip 9 tics, 172.21.