Wednesday

Risk off Wednesday with good weather in SA helping those crops along, and nothing out there to feed the bull.  Corn off 9 cents, 564.  Wheat drops 10 1/2 to 781.  I don't think the wheat story is over, but people are starting to budget their purchases around the globe.  Rice off only 1/2 as the bear gets nothing for his selling pressure again, 1327 1/2.  I wonder if the seller understands what $6 rice is.  Beans off a dozen, 1244 1/4 as oil demand might be tempering without the EPA.   Fed punted and the Dow rallied,, 36,035, plus 97, while the bonds slipped 10 tics, 160.15.