Tuesday

Standard Monday/Tuesday trade during harvest, as we rally back a piece of Mondays break.  Corn gained back 2 1/4 to 391 1/4 and beans bounced 10 1/4 cents, 1044.  Wheat was dead at 594, and rice slipped 7 to 1223 1/2 with what I believe to be commercial buying as we start the roll.  Dow gave back 213 points of Monday gains, 28,585, and bonds picked up 26 tics to close 175.06.  This is still the bottom area of bonds for me, and if we don't see another 3 or 4 point rally pretty soon, I'm guessing the bankers are resetting their books, and that's not bullish bonds.  Or cheap rates in general.