Thursday

Thursday trade in the equities was a catch your breath event as the Dow has a 650 point churn range and close up 148 points, 26,557.  Bonds lost a point and 6 tics to 172.27.   Scary to me.  The only way long rates go down much from here is a great depression.   Wednesday losses follow thru to a small amount as corn drops 3 to 398 1/2, and wheat off a nickel, 603 3/4.  Beans down 5 1/2 to 1051 3/4.  Rice trades a scratch, 1247 going into deliveries.