Tuesday

Tuesday recovery in the Dow, 49,236, plus 387 points and bonds just sat stalled, 118.01, up a tic.  Took the financial risk off the table.  Corn tried to look higher is a quiet day but only managed a 1/4 cent close better, 427 3/4.  Same but worse with wheat, 567 1/2, minus 2.  Beans funds continue their buying push, 1139 1/2, up 5 1/4.  They are long a ton of beans and oil, so pretty soon they will need a government announcement, or they will be out of bullets.  Rice bear continues the hits, 986, minus 12 1/2.  Funds have sold a lot of rice in the last 3 trading days and even though it hurts, they really have added a bunch of shorts without a big credit.  Will be interesting to see what happens after first notice, and I would caution that the ramp up this time has a real possibility to be much sharper than the last one.