Tuesday

Tuesday has the second day in a row of explosive equities rally as the Dow ramps up another 827 points to 30,365.  Bonds only up 11 tics, 128.21.  Musk is going to close on the Twitter deal and there was a short squeeze.  Grain room more placid as wheat slips 9 to 903 and corn only holds 2 1/4 cents of its early gains, 683.  Beans bounce 9 1/2 to 1383 1/2.  Low river issues have killed basis and that will spill over into export shipments, not bullish.   Rice seller pushed again but we closed up  3 cents, 1696 1/2 so the seller got nothing for his troubles, and he has sold a bunch.  New flooding being reported in Thailand with some crop damage, but nailing down a number is difficult right now.  Not an excessive amount like Pakistan problems at this point.