Wednesday

Dow finally caught a bid Wednesday morning as financials stabilized, and rallied, 27,972, plus 447.  Bonds gave back 18 tics to close 175.23.  Beans also had bids, following a strong meal trade higher, 978 3/4, up 5 3/4.  Corn barely stayed above 360 with a 360 1/4 close, off 1 1/2.  Wheat off 1/2 cent, 543 3/4.  With beans so far overbought by the funds, and corn appearing to hit a wall here, I would again encourage getting something on the books before Friday.  We have a delayed export sales report to start Friday morning, followed by WASDE at 11 and world numbers just after that.  Lots of ways to get a curve ball, and then a whole weekend of combines in the field.  As I am inclined to say, if this is your worst sale of the year, we had a pretty good year.  Rice buyer seems to be tempting sellers to put up numbers big enough for him to hit.  1244, off 1 1/2 but he chased 1250 again today.   It will be interesting to see if he tries to milk it again tomorrow.