Wednesday

Month end trade didn't disappoint as the USDA brought us lower than expected acres and stocks in beans and corn.  Dec corn was limit up and July up 25 1/2 to 720.  Beans rock for 90 1/4 to 1450, and meal up $27.  Domestic meal end users who didn't book the rest of their needs below 350 are going to regret it I believe.  Rice a nothing report punt, 1317 1/2, off 7 1/2.  Wheat up 31 3/4 to 671 1/2 and I don't know if that's corn sympathy or weather, probably a bit of both.   Dow pops 229 to 34,399 and bonds gain 21 tics, 160.24.