Tuesday

Corn got back all Monday slippage on Tuesday and closed up 11 cents, 580 and firm.  Wheat strong early but backed off to 629 3/4, plus 1 3/4.  Beans gained 7 1/2 to 1389 1/2 rejecting the 1380 area soundly even though the funds meal position got beat up for $6.  I believe the funds are about done with the meal roll and flat price liquidation after today.  Bean oil back in control and up 150 points.  Rice in another sleeper, 1313, plus 3 and the long side roll is finding volume from here on out. Dow sleeping again, 33,570, minus 61 , while the bonds pick up a solid 28 tics to 157.05.