Not a lot to write about Wednesday trade. Wheat was a dog out of the box and stayed down, 644, off 13 1/2. Corn started lower but fought back to 553, plus 3/4. Beans off a penny, 1383 3/4, and at least meal caught a bid. Rice up 3 to 1274 1/2, but someone bought 100 April 1260 puts. As dead as rice options have been, I hate to see the movement in puts. Another quiet churn day in the Dow, 31,549, up 91, and bonds bounce 10 tics, 164.13.
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