Tuesday

Dow churned to the upside Tuesday for 347 points, 32,402, while bonds set back a point and 19 tics, 129.30.  Market wants to believe that the FED has things under control.  Russia wants a 60 day corridor and Ukraine wants a year agreement so there is a bit of impasse in negotiations.  Wheat up 11 3/4 to 696 1/4.  Corn good for a 7 1/4 rally on 600K new china sales, 620 3/4.  Beans up 2 1/2 to 1493 3/4.  Rice bear getting smacked again as we rally 48 1/2 cents, 1715 1/2 while only 200 contracts get liquidated.  Above 1740 the options add fuel to the fire.