Tuesday

The first trading day of the new year brought selling pressure as it looks like new fund allocations got placed on the sell side to add to a mostly short existing position.  March beans drop 24 1/2 to 1273 1/2 while wheat gets hit for 21 1/4 to 606 3/4.  Corn off 7 1/2 cents, 463 3/4.  Every day we get closer to SA harvest and sales puts pressure on the US to get more product moved.  Rice the one outlier with a 51-cent pop, 1803. Cash is 8$ bid in a few places.   Dow off 19 points but soft, 37,993.  Bonds off a point and 4 tics, 123.26.  Yearend push up of financials is meeting profit taking.