Wednesday

Fed comments Wednesday in Chicago from Powell about leaving rates alone, going against what Trump wants, as well as the EU dropping rates, all putting pressure on the Dow, 39,853, off 722 points.  Powell holding the line on short rates good for the longer duration as bonds gain 14 tics, 115.09.  Bond stability also gives confidence that the computers are opening up their churn range rather than a new melt down.  Corn gets a 3-cent rally, 484 1/4 while wheat gains 5 3/4 to 547 3/4.  Beans up 2 3/4 to 1038 3/4.  Rice hit for 33 cents, 1340 as the funds used most all their powder in the roll and very little in the buy to cover column.