Thursday

Thursday morning exports nothing exciting but meal found a bid and beans came along for the ride, 1495 1/2, plus 20 1/4.  Corn picked up 4 3/4 to 619 3/4.  Wheat was just a dog, 731 1/2, off 31 3/4.  Really thought 750 would provide some form of support but the sell systems cut thru that like a knife thru butter.  You can bet that the sell systems are learning from that order flow.  Might want to take a peek at the way oats have folded.  I'm worried that cheap Russia/Ukraine prices are going to drag everything for the next few weeks.  Rice off 11 to 1655 1/2 with big spread roll and longs giving up to resting bids.  No reason to pay up when the sellers are knocking on your door.  Dow in a simple churn day, 33,981, up 18 points, and bonds gain 4 tics, 140.14.