Tuesday

Pretty subdued pressure from the margin and delivery clerks Tuesday in the grain room, corn off 1 3/4 cent, 440 1/2 and near the lows of recent trade while wheat is off 2 1/4 to 510 3/4.  In the Jan delivery grains, Beans off 3 1/4 to 1046 1/4 and rice slips 3 cents, 948.  We got  current in Rice deliveries and quite a few beans came out as well, all #1 to the river so that generally tells me a commercial didn't really want to deliver or lost an export trade to another commercial who would take it, have to pay the ups for #1 beans, but go to a barge that is probably sold as #2.  Dead financials day, Dow off 99 points in a nothing range, 48,650 and bonds slip 2 tics, 115.26.