A bit of a Monday-Tuesday type trade as we give back 3 cents in corn, 343 1/2, and drop 2 1/2 in beans to 896 1/2. Meal was soft and that concerns me for a couple reasons. Wheat up a couple to 495 1/4. Rice fund bull came to defend today for a 10 1/2 cent rally, 1230 1/2, but ran into more cash selling near the highs. I can assure you it will be harder for the funds to overwhelm to the upside this year than last, Maybe for a short time, but it will be a small window with very little opportunity for them to escape. In fact, it might already be closing. Dow off 409 to 25,770 as expected, and when it gets this easy to spot, expect a significant change in pattern, and soon. Bonds up a point and a tic to 179 even.
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