Tuesday

Wheat and rice both weaker Tuesday and giving back part of Monday gains, with wheat off 21 1/4 to 1071 3/4 and rice down 29 cents, 1694.  Both seemed to be finding buyers as the day went on and the seller didn't want to dig deeper into his pocket for any more push.  Meal found a bid and up $10 in the front, which is impressive given that we are at fund rolling days, so beans had an easier path up, 1728 1/4, plus 29.  Corn strong as well, 757, up 14 1/2 and that was with declining open interest from the roll.  Cash is strong in the country and China is supposedly buying grain for their Wuhan Covid reopen.  Dow up 253 in another general churn day, 33,165, and bonds gain back a point and 9 tics, 139 even.