Thursday

Exports came out Thursday morning, nothing impressive, but no one noticed anyway.  The administration is supposedly going to give relief to anyone who has bio-fuels commitments and that's that.  I don't want to editorialize, but what good is a mandate if you drop it as soon as it becomes uncomfortable?  The purpose seems to be to me that cost will make people and producers adjust to fulfill the mandate.  If I can cry and the mandate goes away, why adjust?  With that said, corn limit down 40 cents, 633.  Same in new crop.  Wheat off 23 3/4 to 639.  Rice off only 12 to 1223.  Bean oil limit down early and beans lose 118 3/4 to 1329 3/4.  Dow off 212 points, 33,693, and bonds gain a point and 29 tics, 159.23.   Bloody day all around.