Wednesday

A day delay on the nothing numbers out of WASDE, but bulls took a break Wednesday, and the sell programs pounced.  Corn off 11 3/4 to 534.  Meal off nearly $10 and beans drop 30 1/4 to 1409 3/4.  Rice down 17 without a lot of volume, 1302.  Sure does seem like commercial steady buying on the rice break to me.  Wheat rallied 11 from the low to 652 1/2, off 4 and teasing the 50 day.  Dow lit it up for 468 points to new highs again, 32,279.  Bonds even gained 12 tics, 158.05.  Some are calling for the bond break to stabilize, but without a Dow rollover, I doubt it.