Tuesday

Tuesday we had a little missile mishap into Poland from Russia.  That promptly put an end to a 400 point stock rally and wheat briefly under $8.  Solid bounces in the grain room as beans gain 16 3/4 to 1457 1/4 and corn up 9 1/2 to 666 3/4.  Wheat 9 3/4 cents higher, 828 1/4.  Rice was a laggard as the fund long is looking at cleaning out still, 1778, off 17 1/2.  Not a lot of rice involved in the Russian wheat corridor.  Dow got north of 34,000 but set back to 33,605, still 44 higher and a bit of a surprise.  Bonds gained 28 tics on flight to quality and I am getting nervous about this bond rally here, 124.17.