Thursday

Disappointing export sales Thursday morning lead to a soft Ag open but mild recovery thru the day.  Corn closed off a penny, 494.  Beans gave up 6 1/4 to 1355 1/4.  Meal was the weak leg off $6.  Wheat down 5 1/4 to 642 1/4, but that is still a solid price for wheat.  Rice in a pretty quiet day, 1270, plus 1.  We saw small new bean deliveries, and 200 new rice out of Crop Marketing, McGehee.  Dow continued its march up to new highs, briefly above 31K and closing 30,942, plus 222.  Bonds put in a new contract low and closed off 16 tics, 169.07.