Tuesday

Financial markets a bit soft after the long weekend for Tuesday morning trade and that took some of the loose money out of the grain room.  Dow lost 202 points, 34,680 and bonds off a point and 7 tics, 119.01.  Rice had a solid 22 1/2 cent bounce with wind damage pretty wide spread, but not sure how much loss vs. knocked down, 1679.  Wheat trying to bottom, 599 1/4, plus 3 3/4 and corn picks up 4 1/2 to 486.  Products a bit soft and soy slips 4 1/4 to 1365 for a pretty dull Tuesday trade over all.  I think we are going into early report mode and early harvest mode.  No one wants to overextend for at least the next week until we see what the WASDE report does on the 12th.