Tuesday

Monday Tuesday trade in disguise?  Corn off 14 1/4 to 623.  Dec corn off 27 and corn drops 35K of open interest in a day.  Wheat hit for 39 1/4 cents, 685.  I never trust a wheat rally.  Beans give back Mondays 26 to 1495.  Meal rallies cant hold.   Rice off 26 1/2 to 1767 1/2.  New crop rice seems to struggle to push up anymore.    Every grain lost open interest.  Part July unwind and part sucker buyers fleecing.  Crop conditions pretty miserable for this kind of break.  Crop conditions better than the rally we had going in.  Computers are happy that they can flop Ag around this much.  I don't think they will magically just stop the dance now that they saw how easy it is to churn us around.  Dow based and up 212 to end Tuesday 34,183 while bonds slip 17 tics, 127.18.