Tuesday

Financials continue to show weakness Tuesday with the Dow hit for another 398 points, 33,875 and bonds leaking 15 tics, 114.12 and a new low.  Wheat held unchanged, 589 but no pop on Russian aggression to 3 ports.  Corn slipped 1 1/2 to 479 3/4.  Beans gained a nickel, 1302 3/4 with meal bid.  Rice up 34 with light volume as the computer sensed no real pricing pressure and ramped up to benefit their position, 1619 close.  Hearing rice is getting stored on the ground now at one of the coops.  I believe this is a function of weak basis in corn and beans, so what normally would be headed down river is fighting for bin space.  We have a good rice crop, not a monster.