Wednesday

Wednesday trade had some stability in the corn as we moved in a quarter range but closed up 5 1/2 cents, 673.  Wheat up 1 1/4 to 662 3/4 and there are some concerns about the early maturity of spring wheat and the risks of poorer yields.  Rice up a nickel, 1236, but that's 30 off the highs.  I don't have any news on that run up.  Bean oil limit down and beans off 17 1/4 cents, 1448 1/2.  Oil lead beans up and for now it is dragging them down.  Meal does seem to be finding a base.  Dow off 272 to 33,905 and bonds leak 23 tics, 157.26.