Tuesday

Corn rejected the break Monday and gained 10 1/2 cents to close Tuesday out at 608.  Still not comfortable holding old crop from here.  Sometimes it's time to put a trade to bed.  Cash or futures.  Wheat opened strong on more Russia escalation but faded 20 cents from highs to only 3 3/4 better by the end of the day, 627 3/4.  Beans up 3 1/4 cents, 1353 1/4.  Rice bull looks up $18 and holds, 1812 1/2 at the end, plus 19.  I don't see the benefit in waiting anymore in old crop rice either.   Bonds up a tic, 127.23 and the Dow churned lower most of the day in a tight range, recovering to 33,617, off only 2 points.  Obviously, you shouldn't be in June bonds moving forward as liquidity is fading fast.