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.
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