Tuesday

Markets are settling down going into month end, with corn off 2 3/4 to 302 3/4, first intentions tomorrow.  As a reminder, you need to be out of May positions tomorrow to avoid risk of deliveries.  Of course, just like most other cycles, the funds know you have to get out of longs tomorrow, so pressure away.  Beans off 3 cents, 826 with meal losing $3. Will be interesting to see what deliveries we get for may.  My call is not much.  Wheat up 5 3/4 to 526 3/4.  Dow closes 46 higher, 24,045, but that's almost 400 off the highs.  Bonds up a point and 9 tics, 181.27.  Just another day for the computers to churn.