Tuesday

Financials got a pop Tuesday and someone is playing way out in the bond options looking for a decent sized rate drop in 2024.  Dow up 391 with really lack of selling, 34,126, and bonds up a point and 5 tics, 126.20.  Didn't really follow into the grain room with wheat continuing a slow leak lower, 791 1/2, off 7 3/4.  Corn down 2 3/4 to 656 3/4.  Cash around the country firm enough to make it hard to push down from here, but fund liquidation continues.  Beans give back 7 of Mondays bounce, 1429 3/4.  Rice fund buyer still in play 1794 1/2, up 13 1/2.  Back up to where we get farmer selling.