Thursday

Exports in the morning Thursday brought a big nothing for corn and beans, and we for the most part chopped.  A decent wheat number and wheat leads, 672, plus 17 3/4.  Oats over 430, but corn just couldn't get a pop going, 556 1/4, off 2 1/2 in a catch your breath day.    Beans off 3 1/4 to 1380 with meal unable to follow thru.  Rice up 7 1/2 to 1321 1/2, again on lack of selling.  Dow did a head fake lower but really just another churn day, 34,864, up 48 points, and bonds pop another point and 10 tics to 163.29.  These bonds just don't make any sense, but we have a way of making them make sense, just sometimes its painful.