Wednesday

Financials in the spotlight again Wednesday with the Dow off over 300 points early but recovered to 84 lower, 33,791.  Rumor of a big put position right below the market that expires Friday.  Bonds bounced a full point early but failed on the recovery and dropped 2 full points from the highs, 113.16, off 28 tics on the day.  Oil had a bid but meal was weak so beans struggled to stay flat, 1303 1/4, plus 1/2 a cent.  Corn up 3 1/2 to 483 1/4 but wheat dropped 9 1/2 to 579 1/2.  Rice held Tuesday gain for the most part, 1617 1/2, off 1 1/2 but took some funny trades to do it.