Wednesday

Pre-thanksgiving trade Wednesday leaky in the grain room with soy giving up 20 3/4 cents, 1356 1/2.  Rice off 20 as well, 1730.  Rice had another 380 of open interest gain so someone has a big bet they are placing.  Time will tell.  Corn off 1 1/4 in a dull day, 468 3/4 and wheat gains 3/4 to 555 3/4 on news China is in.  Dow took the path of least resistance, up 170 points, 35,318 while bonds are stuck for a week now with a 115 handle, 115.28, plus 8 tics.  There has been a lot of volume swapped with the 115 handle so a breakout that sticks needs to be respected.  Have a happy and blessed thanksgiving.