Tuesday

Tuesday opened after a long weekend to more resets to positions, with corn bulls coming to the market, 12K open interest increase, and a 10 1/4 cent gain, 676.  Wheat up 6 to 817 with some Russian rhetoric in the wind.  Beans drop 21 3/4 to 1398 3/4 and the crop is looking way better than the corn.   Rice gets whacked for 53 1/2 down to 1713 and there was a 17-18 strangle, so at least someone is telling you where we will stuck for the next few weeks.  Dow off 146 points, 31,166 and the market is getting into the lower area of one of my indicators, while Dec bonds drop 2 points and 5 tics, 132.14.