Tuesday

Tuesday trade firm in the grain room with beans gaining another 33 1/4 to 1663 3/4.  Lower prices brought new business and I am frankly surprised at the strength of meal.  Wheat bounced back 17 1/4 to 921 1/4 and corn bid 15 1/4 higher as well, 759 1/2.  Rice rallied 13 to 1621 and we still have 650 of July open interest unaccounted for.  Do we have a commercial standing for delivery out in the wings?  We should know tomorrow, but either way, make sure all July Grain positions are cleaned up before Wednesday close to avoid any risk of delivery.  Dow churned up 450 and down 488 on the close for a wild ride, but really just expanded churn that Fridays action opened the door to. 30,933.  Bonds off 5 tics, 135.05.