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.
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