Tuesday

WASDE threw a curve ball in the beans with reduced yield when pretty much everyone expected an increase and beans ripped higher, topping out at 1240 but fading to 1212 at the close, still 23 1/2 higher.  Meal gained $10.  Wheat up 10 1/2 cents, 778 1/2 with still tight global supplies and trade, while corn gained 3 1/4 to 554 3/4 in sympathy.  Rice up 20 as the bear starts to cover, even with a slightly bearish report, 1379 1/2.  35 new rice receipts registered to be delivered out of Ottwell.  Dow off 103 at the end of the day, 36,209, and that was with some late pushing up to dress the close or it could have been 100 worse.  Bods up a point and 14 as the long equities guys are wanting to keep this years gains, 163.23.