Tuesday

Weakness continued in most of the grain room Tuesday with beans hit the worst, 947 1/2, minus 24.  Wheat off 8 cents, 528 3/4, and corn down 5 1/2 to 377 3/4.  Rice did recover the Monday break to close 1479, up 25 1/2.  Dow up 409 points, 39,889 and bonds up 22 tics as well, 124 even.  We have some good crops out there for sure, but we are pricing an outstanding, record or near record crop in most everything today and the combines have just cracked the surface.  Hurricane or an early freeze still in the mix.  Let's not forget that the South American crops soon to be planted are facing headwinds of low prices as well as their own weather issues.