Thursday

Thursday exports soft in corn, expected in beans, solid rice and wheat.  Corn chopped around but settled off a penny, 550 3/4.  That was in the face of 725 1/4 wheat, which was 14 higher.  Beans slipped 6 1/2 to 1326 1/4 with meal still bid but the bio component of oil losing ground, and possibly losing EPA backing at the current levels.  This could also be a huge deal in the negative to corn moving forward.  Rice slips 4 1/2 to 1331 as we approach first intentions Monday.   Dow off 200 in front of Powell speak on Friday, but really just a back and fill for the churn machine to me.  35,160.  Bonds up 4 tics, 164.02.