Tuesday

Tuesday trade softer early with wheat testing contract lows before a bounce back to a couple cents better on the day, 517 1/4.  Corn off 5 1/2 cents, 442 1/2 with quite a few questioning exports and some talk the acres will be a tad bigger.  Beans lower early but close 1 1/4 better for a full recovery, 1072 1/2.  Rice off 30 with the computer allowing for a lower price because of increased carry over.  Now the farmer still in the game gets hosed.  Later we will get the official "oopsie", we were a bit high, weren't we?  They got no kick back for doing it in corn, why worry about a little grain.  The long run plus side is this should force a few hands in the farm bill.  The downside is if they set the price too high, we will be stuck overplanting with very little chance of measurable rallies.