Wednesday

Humpday trade and last day of the month, with delivery notices thrown in, but no more delivery clerks' pressure on the longs all come together for a bit of a grain bounce.  Switching to July in the grain room, corn and wheat each gain 5 1/4 cents, 475 1/2 corn close and 530 3/4 for the wheat.  Rice rocks 42 1/2 higher to recover from a hard to justify break, 1321 1/2.  Still sub $6 a bushel rice.  Beans a bit soft, 1044 1/2, off 8 1/4.  Talking heads tried all day to beat down the financials but in the end the Dow closed 112 higher, 40,770 and bonds were only off 14 tics, 116.20.  You know, if the government injects a few trillion less into the US economy via deficit spending, but at the same time foreign and US companies spend several trillion into the US economy, it could actually be a positive.