Tuesday

Pre-election trade Tuesday had corn and bean spreads getting some carry added as river logistics, just plain old getting the volume sold already moved out the door, are coming into play.  Corn picks up 3 1/2 to 401 in a classic Monday/Tuesday trade.  Jan Beans even stronger, gaining 12 to 1064 1/4.  Wheat closes 1/2 higher, 608, but was 8 higher earlier in the day.  Jan rice off 4 1/2 to 1225.  It looks to me like a commercial sold some rice spreads figuring he will have dry rice by the end of the month to deliver.  Long will grind it up, but it sad that the commercial doesn't just pay the farmer on the front end.  God forbid a commercial would post a premium bid for the farmer and the whole world to see in rice.  Dow rocks for 580 higher, 27,376, and bond drop another 23 tics, 172.01.