Thursday

Strong global wheat prices, too much rain at harvest in Australia help lead wheat 12 3/4 higher, 772 1/2.   Corn technical solid, solid demand from ethanol, and strong futures in China all help corn, 562 3/4, plus 5 1/2.  Rice off 1 1/2 to 1328 as we close out positions in front of heavy deliveries, and same story in beans, 1233 3/4, minus 5 1/2.  Dow pops 224  as we have another upside churn day, 35,613, and bonds give back 15 tics of the big Wed. rally, 160.16.