Wednesday

Dow whacked for another 420 points, 38,524 and worse in aftermarket hours.  Bonds off another point and 7 tics, 114.18.  As money for trade is more and more interrelated, this has to be a drag on grains.  We were tired as well.  Meal off another $8 and beans down 15 1/2 cents, 1214.  New crop doesn't want to defend the buck either.  It seems they run meal $20-$30 too high and use that as a tool to run the beans.  Corn 7 1/4 lower, 455 1/4 and it looks like the corn will pretty much all go in that was going to go in.  Late corn takes yield off the top, but its surely not the only determinant.  Wheat off 7 1/2 to 692 3/4 and that one concerns me because with global stories where they are wheat could be the easiest to push higher.  Rice off another 25 to 1784.  If we break hard enough and fast enough, we could get another vessel or two into Mexico/Latin America with the small remaining old crop.