Tuesday

We open to more talk of corn exports Tuesday morning, and corn does eventually find its way higher, 554 1/4, up 4 3/4.  Wheat was soft and looking weak, but feed options kept a floor under and we bounced 15 off the lows, 647, plus 2.  Beans also lower but recover to 1423 1/4 for a 3 3/4 gain.   Options vol took a hit.   Meal spreads weaken and meal stalls.  I don't expect that to be a long term issue.  Rice seller seemed to take a break, and buyer took us up 7 to 1301.  Don't see much to get excited about there either way.   Dow backs up 126 points, 32,724, and bonds slip 9 tics, 155.27.