Tuesday

Market came out hot Tuesday morning with a hunt toward 1060 in beans and 420 corn.  Wheat was the canary and soon enough the buying faded.  1042 1/2 beans were 3 better on the day but 16 off the highs.  418 corn faded to 411 3/4 by the close, minus 1 3/4.  Wheat gave back 4 1/2 from Monday, 578.  Rice took a punch in the nose, 1526, off 28 1/2.  Low river is hurting rice shipments as well as bean grading.  The soy grading dock schedules are now near criminal.  I'm afraid the days of counting on the middleman to treat the farmer right if he can't store off the combine are in the rear-view mirror.  Dow hovering near all-time highs, 42,597, plus 96 and bonds drop a full point early but recover to 125.01, off 3 tics.  I think in one year we will look back at a 125-bond quote with some degree of envy.