Wednesday

Wednesday WASDE brought us slightly bearish numbers for most grains, and more comfort that the Russia corridor will stay open.  Wheat went thru support and closed 806 1/2, off 21 1/4.  Corn only off 3 to 664 1/2.  Beans looked lower on the report but bounced well and closed 5 1/2 higher, 1452.  Rice short still on the hook, 1798 1/2, plus 6.  We seem to be running into a fair amount of resistance here.  Dow finds the red wave didn't materialize, and we are off 648 points, 32,527, just giving back part of an outsized rally.   Bonds off 9 tics, 119.21.