Wednesday

Mid week trade had more sales reported to china, signaling that price has not shut off the buyer yet. Corn up 5 1/4 to 396 1/2, and beans gain 12 1/4 to 1056 1/4.  Meal up $7 as those spreads firm.  Part of the feature to me is we aren't seeing big jumps in OI to get the gains.  Rice wanting to trade a 1220-1260 range and rallies 19 1/2 to 1243.  Wheat up 2 3/4 to 596 3/4.  Bonds still trying to confirm we put out a low and up 6 tics, 175.12.  Dow off 171 points, 28,414.