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Tuesday trade muted but soft. Corn slipped 1 3/4 to 416. Wheat off 4 1/4 to 615 3/4, and beans dropped to 1082 1/4, off 5 1/2. Rice spread squeezed into even as Nov rallies to 1348, plus 19, but almost the entire rally is spread related. There just isn't enough dry rice out there right now. Dow tried to stay in a churn range to keep more suckers at the table, but wound up off 216 points, 27,365. Bonds gained 16 tics, 174.03. Sloppy day compared to what the settles show to me.
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