Tuesday brought big buying and short covering, along with aggressive options activity to the beans, with a 40 1/4 cent rally to 1295 1/2. Lots of reasons to look up 1290, and we did, but seems overdone for now. Meal did rally over $11 as well so there is a base to the trade. Corn cut thru 460 like a hot knife thru butter and closed 466, up 9 1/2. Big picture is a softer dollar and tight global food supply makes for high grain prices. Keep in mind, we are shipping, while other countries are paying demurrage. Rice popped 21 to 1220 1/2 as the spread caught a bid and the seller ran out of bullets. Wheat even found a floor and gained 4 1/4 to 618 1/2. Dow just a simple churn trade, 30,238, off 67, and bonds slip 3 tics, 172.21. Wednesday is first intentions for Jan, so make sure all Jan positions are cleaned up.