Wednesday

Wednesday trade another tough one in the Ag room, with Dec corn off another 11 1/2 to 522 3/4.  Still no deliveries but the spreads are weakening anyway as the spec looks for the door.   Switching to Dec wheat moving forward, 714 1/8. off 8 and trying to find a base.  Nov beans off 14 3/4 cents, 1277 3/4, but trying to hold last run down lows, abet with soft meal and a less resoundingly positive oil story now.  Sept rice is delivered and pretty much in the books, so Nov is off 14 1/2 to close 1324.  Bonds up 8 tics, 164.25, and the Dow slips 50 points in a nothing day for financials, 35,290.