Wednesday

Wednesday trade still a set up for all the inputs coming Thursday in the grain room with the added bonus of the computers running the Dow down nearly 800 points early before a full recovery and 109 point HIGHER close, 40,906.  Bonds watched from the sidelines, 126.25, off 4 tics.  Personally, one of my tells for a washout is how the bonds react when the children are thrashing around in the Dow.  Corn settled 1/2 cent better, 404 3/4 while wheat gained a nickel, 579 1/4.  Beans drawn to the buck, 1000 1/2 close for a 3 1/4 cent gain.  Rice up another 21 to 1510 1/2 and from here up in rice we meet some harvest resistance.  This can all change with WASDE.