Thursday

Bids still below the market Thursday in corn and beans, with corn gaining 3/4 to 331 and beans up 1 3/4 to 873.  More rain in the forecast and the markets are taking that well.  Wheat continues its drift lower, 483 1/2, minus 5 1/4.  July rice off 50 1/2 to 1404, and my guess is there will be commercial buying from here on down.  Sept trying to make 12-12.20 a range trade.  Dow off 126 in a churn, 25,899, and bonds gain a point and 7 tics, 177.13.