Wednesday

Wednesday trade with end of month squaring and adjustments for deliveries.  We will switch to Dec for corn and wheat, with corn slipping 6 3/4 to 670 3/4, and wheat gaining 11 1/4 to 831 1/2.  Spread unwinds being the most likely blame.  Nov beans dropped a dime, 1422 1/2.  I'm seeing China buying flashes but the market doesnt mind.  I think the bean crop will exceed 52 yield and we will add some acres by the October report.  Rice buyer still at it, 1784, up a nickel and he seems to not be afraid of harvest volume.  Dow bled another 243 in its relentless march lower, 31,532, while the bonds stall off 12 tics, 136.13.