Weird day to get much out of Tuesday. Talk that the FED will be intervening in the bonds put a bid across the financials, with bonds up a point and 24 tics, 120.02, while the Dow moved up another 332 points to 31,877. I'm thinking someone needs to give them a hand with how quantitative tightening works, or maybe we need to recognize that it wont work. Beans got a dime bounce to 1382 and corn up 4 3/4 to 686 1/4. Rice off a nickel, 1618 1/2, as we have unwound almost all of Nov futures and wheat down 4 to 834 3/4. Should see a decent export sales number Thursday with bigger volume out of the PNW for beans, but what effect will moving all those cars with beans and meal have on all the other lesser priced crops that are use to using those facilities be? Our rail issues are not behind us yet.
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