Wednesday

Honestly a bit of a surprise that corn could bounce 9 1/4 cents on Wednesday in the face of an expected weak WASDE on Friday and Russia corridor talks still churning along.  Interior basis firming and I wonder if July has to pick up some because of basis quote shifts from May to July.  Wheat looked at previous day lows and bounced solidly, 641 1/4, off only 2 1/4 on the close.  Beans off 10 1/4 to 1404.  Rice down and up but ends 4 higher, 1826.  Dow looks lower but recovers , 33,602, minus 35.  Bonds rally a full point, 130.22 as we work back up in the churn range.