Tuesday trade softer than I expected as we roll into the reports tomorrow and longs are looking for the door. We have been expecting a setback, but now over half of the expected risk has already taken place. Wonder if the reports are sell the rumor and buy the fact, or is there a bigger range than I expect? Computers sure are good at moving the herd either way. Corn off 7 1/2 to 539 1/4. Wheat an added drag and off 15 cents, 601 3/4. Oil drops limit again and drags beans 26 1/4 lower, 1366 3/4. Meal held unchanged. Rice spread roll started and futures slip 4 1/2 to 1322. Dow looks higher and churns lower, 32,925 close, minus 107. Bonds look lower and churn higher, 155.01, plus 8 tics.
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