More buying Tuesday in Ag as corn rallies 3 1/2 to 408 3/4. Wheat gains a nickel, 632, and beans up 9 3/4 cents, 1064. Beans rally with no help from meal, as it takes a day off. Rice off 21 to 1224 in big spread roll and computer selling as we approach Nov 1 deliveries. With futures below 550 a Bu., I don't see a bunch of rice receipts hitting the board. As a matter of fact, I don't see much of any deliveries as we need grain at the ports and corn and beans are shipping certs, in place for the barges. I see a potential squeeze in the front months as end users stand for physical that they cant source in the country. Dow churned for 400 points, again, and closed up 82, kind of light, again, 28,182. Only players making money are the pros, again. Bonds off a full point to 173.16 and my radar in long term rates is up huge. We almost certainly will have a major swing in bonds, and interest rates in the next 2-3 weeks.
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