Wednesday

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.