Wednesday

Wednesday trade opened soft and took hits all day long.  Clearly new sell systems joining the selloff and pushing lows for the close.  Corn off 21 3/4 to 534 1/2, but OI only down 4K , so if the fund long was selling out, and the computer sellers were operating, who was willing to add to their longs?  Commercial?  Its a Wednesday, so commitments will keep that info hidden an extra week.  Sort of the same story in beans, off 47 3/4 to 1354 and OI higher.  Meal dropped $16.  Wheat off 14 cents, 635 1/2.  Rice roll continues and some curious Vs. cash, 1288, off 3 1/2.  Dow punches a new high and sets back to  31,328,  plus 50, and bonds gain 13 tics, 167.17.