Financial markets are in disarray but bounce 599 points in the June Dow, which is now lead, 20,860. Bonds off 7 points 20 tics exposing how much variability there is in a financial market where the fed and treasury have promised unlimited liquidity. It just cant come fast enough. Corn down 10 3/4 to 344 as fund sold another 35-40K of new contracts, most likely to commercial hands, as margin calls force weak longs out. Could you imagine if there was that big of percentage volume selling of the Dow by one of the big money boys? SEC would shut them down. In Ag, it helps the commercial, so look away. Who would have thought US corn could be the cheapest in the world in a calamity. Beans firm, up 2 1/2 with china supposedly knocking. 824 1/4. This is going to be a story you hear again and again over the next year. Please evaluate your planting accordingly. Wheat firm as well, 499 1/4, plus 1 1/4. Rice up to the top of the options range, 1395, up 33 1/2 but the most tired rally I have ever seen.
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