Thursday

Nothing unexpected in export sales early, but Russia is upping the game in the Ukraine, and that locks wheat limit 75 up, 1134.  Synthetics much higher still, but that can at times be a relatively easy optic to create.  Corn was limit but faded to 22 3/4 higher, 747 3/4.  Beans traded 1699 early but close 1667 3/4, up 4 3/4.  Rice hit stops early and ran up to 1689, but faded as well, 1636, plus 14 1/2.   Seems like the machines love to poke these holes one day and then explore how well it sticks the next, so its worth watching how the market reacts if we hit those highs again today.  Dow in a relatively quiet day, 33,738, off 111 points, and bonds pick up 11 tics, 154.29.