Wednesday

Dow dropping as the bulls have run out of suckers to bait in and so we flush them out.  26,685, minus 458.  No flight to quality as bonds slip 7 tics, 176.15.  Muted trade in grains Wednesday with Dow so weak and funds so long the soy complex, awaiting a big export sales number Thursday to add fuel.  Bulls need fed all the time.  Corn off 3/4 to 368 1/2 as the least weak grain.  Beans off 5 1/4 in the face of a very strong meal market, 1014 1/2.  Wheat drops 9 cents, 549, and rice is down 3 to 1249.