Wednesday

Wednesday trade firm in the grains but a weak Dow is potentially overshadowing everything.  Cryptos are getting killed.  I'm really starting to ponder the global effects of the FED compressing money supply, and just how extensive the spillover effects could be, with China domestic compression occurring at the same time.  Hand to mouth food supply in some countries might become find something to put in your mouth.  Dow seems to be in a perpetual downward sloping 600-800 point churn.  Strong morning followed by a break to 31,743, off 344.  Bonds up another point and a tic to 139.20.  The 140-141 that held as support on the way down might now act as resistance.  If it doesn't, you can be assured that the big money is sure of a recession/depression.  Rice picks up 9 to 17 bucks with some calling rice acres at 850K.  Wheat up 20 1/4 to 1113 and corn firm as well, 788 1/2, plus 13 1/4.  Beans up 14 1/2 cents, 1606 3/4.