Wednesday

Grains acted independently Wednesday trying to find new pricing relationships.  Corn up another 9 3/4 to 587 1/4 while wheat dropped the 16 cents it gained Tuesday back to 606 1/4.  Beans were 15 better but faded to 1324 1/2, a couple better on the day.  Funds leaving meal has been a drag on soy.  Good volume in rice at these prices, 1661 1/2, off 7 1/2.  The bear isn't getting paid as well for the push.  Dow pressing recent lows, 32,854, off 278 more for a tough equity week to the midpoint while bonds slip 12 tics, 126.18.