Tuesday

After a long weekend that brought no major global shifts and postponed tariffs for Europe, Tuesday morning found a big bid in financials.  Dow up 736 points, 42,410 and bonds gain a point and 8 tics, 112.29.  Beans up 2 1/4 to 1062 1/2 and corn held steady in the front, 459 1/2.  A little pressure in new crop corn worth watching.  Wheat spanked down 14 cents, 528 1/2 and I hate to see wheat able to be pushed down so hard so easily.  Rice short cover continues, 1332 1/2, plus 15 1/2.  Open interest continues to shrink as both sides leave the field.  There are more calls out for the USDA to reconcile PP acres sooner.