Dow did some big time back and forth churning Tuesday with Powell speaking at a relaxed economic lunch and closed up 272 points, 34,206. Bonds slipped 19 to 128.23 with higher rates longer the sales pitch of the day. Really just stuck in ranges where the computers can fleece the commoner. Grains leaked pre report as we prep for WASDE at 11 on Wednesday. Corn off a nickel, 674 and wheat off 1/2 to 749 3/4. Beans gave up another 6 as strong oil couldn't offset weak meal. 1515 1/4. Rice down 7 cents, 1747 1/2 but seems to be hitting a lot more bids down here.
Comments are closed.