Wednesday feature was the wheat strength from the beginning, with the Russian tariffs going into fall to the bottom line of the buyer, not the seller, and talk that US wheat is getting competitive for tenders we usually wouldn't see. 22 1/4 higher on the day and solid all day, 640 3/4. I would caution that the rally came with a big jump in OI, so some of the players to the dance are working on a very short leash. Corn up 8 1/2 to 474 1/2 with the feature being Argy officially cutting off exports until march to protect their internal supply. We are already the cheapest and most dependable, so its a safe bet we just got some new shoppers in the corn isle. Argy port strike is at least partially settled, but beans gained 8 1/4 anyway, 1303 3/4. Market is past due for a setback, but I would not get short. Only 5 deliveries last night, and no meal. Rice settled unchanged in Jan, 1220 1/2, but we got new receipts registered, and it was the banksters paying up to get them. We are fully current and I don't see any more commercial pull. One more reason amongst many to be wary of rice of all the grains. Dow up 64 in yet another dull churn day for the computers, 30,302, while bonds pick up 6 tics, 172.27. Feel like these bonds have lulled us to sleep, and our eyes are cloudy.