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Wednesday trade dominated by the recent weather event, not WASDE. WASDE did print in line corn to my numbers and bearish beans, but the market had already priced those numbers in. Rice was a friendly number but I believe there is an error in Texas production of some magnitude. Corn up 3 to 314 1/2. Beans gain a dime, 880 1/2, and rice up a dime as well, 1178. Wheat has returned to the dog the contract is designed to be, 491 1/4, off 3 3/4. Dow stronger again, 27,866, plus 252. Bonds slip 11 to 178.25 and I think this bond break has mostly run its course.
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