Tuesday

Tuesday trade surprisingly weaker than expected with wheat only up 2 3/4 cents, 760 1/4 after the limit up move Monday.  Most of the day it appeared that there would be zero follow thru. Corn lost 3 to 557 1/2 and beans softened 2 3/4 to 1450 1/2.  Beans supported by meal.  Rice off 26 1/2 cents, 1593 in what ultimately was a Monday/Tuesday trade.   All the grains needed a healthy bounce from the lows to close where they did.  Not typical bull action.  Dow checks new highs in front of what I'm guessing will be a FED fade, 35,604, plus 23 and bonds slip 20 tics, 125.17.