Tuesday

Only real feature Tuesday was the commercial clearly stating, don't sell meal.  That's our job only.  Rest assured, most computers got the message.  Meal strength brought beans along for 15 1/2 cents, 1259 1/2.  Corn had a bounce back to 590 1/4.  Managed money has a lot of corn longs, and the grower is slow to sell this year because of input costs.  Weather in SA also making the rounds as it normally does this time of year.  Wheat off 1 3/4 to 787, and rice slips 5 1/2 to 1372.  Another slug of rice vs cash appears to have traded as we are at a price point where the commercial seems more happy to own.  Churn in the Dow, 35,448, off 95 points, and bonds slip 8 tics, 162.07.