Wednesday

Wednesday had beans regain Tuesday drop, 1261, up 10 3/4.  Corn was listless, 587 1/4, plus 1 1/4.  Wheat dropped 14 and looked ugly doing it, 794 1/2.  Rice off 9 1/2 to 1382 as the short continues to push.  Dow churned up and down, 35,746, for a small 33 point gain at the end, while bonds leaked another point and 12 tics to 162.12.  As a reference, bonds rallied from 162 last Monday nearly 4 full points and now back to basically unchanged.  Definition of holiday churn, just a different market.  That's why its dangerous to read anything into any one day or shot period right now.  WASDE at 11.