Wednesday

Dow pushed to new highs Wednesday, 35,447, with bonds leaking 5 tics, 158.04.  Global inflation a continuing story, and as Brazil acres get bigger, expect the real to get weaker.  Its all a money game.  Beans up 17 1/2 to 1245 1/2 with strong products.  Wheat good for 13 1/4 cents, 749 1/4, and corn gains 9 to 539 1/4.  Rice off 11 as the bear pushes pre first notice day, 1361.  Market is giving the bear rope at this point to me.  The 200 lot 3 ways appear to be back.