Tuesday

Tuesday trade is just squaring up for WASDE on Wednesday.  Corn market got a pop from the weather that ripped across Iowa and Illinois, but by the end of the day we were only a penny higher, 311 1/2.  And that is with a solid chunk of fund shorts covering , over 30K worth.  Beans did nothing and closed 1/2 higher, 870 1/2.  Wheat recovers 4 cents of yesterdays loss, 495.  Rice was dead other than spreads, 1168. off 3.  Dow closed more than 400 off highs and 65 lower on the day, creating a possible reversal, or a trap, 27,614.  Bonds off 2 points and 5 tics to 179.04.