Wednesday

Hump day trade mostly cleanup in front of Thursday WASDE.  Attempt at recovery in corn falls short, 419, minus 1/2 cent after trying to work higher just got little support.  Wheat up 2 1/4 to 587 1/2.  Beans up 9 1/4 to 1123 with both meal and oil down near some pretty decent support, and crush is already stupid profitable.  Basis telling me that the commercial has control of most old crop beans.   Rice off 6 1/2 cents, 1232 1/2 and the story there is the short that kept us down finally got someone else to sell the big bid at $12.30, but there were no stops.  Dow smacked down 919 points, 49,990 with the Strait seeing more action and bonds slipped 7 tics, 111.18.