Tuesday brought deliveries in all the grains and stories that the funds were blowing out of their long positions. Trade sure acted like it, but looking at open interest, only meal had any drop. Seems like if the funds were wholesale leaving the dance we would have had big open interest drops across the board, which so far didn't happen. Corn hit for 13 1/4 to 630 1/4 and I expect this area to have some domestic value. Wheat only drops 4 1/2 to 705 1/5 as most of that markets beating has already taken place. Beans hit for 33 3/4 cents with meal taking it on the chin as well, 1479 May settle. Rice off 2 1/2 to 1735. Dow has pushed thru my support to close 32,682, off 227 points. Bonds off 3 tics, 124.04.
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