Wednesday

China gives us more lock downs instead of openings, some moisture predicted in Brazil in the coming days, and Putin agrees to keep the corridor open.  A stack of pretty ugly news to open grains Wednesday morning, and wheat opens terrible and just couldn't bounce, 846, off 56 1/2.   Corn off 10 1/4 to 687 1/2, and after a rough start, oil leads beans back higher on the day, 1454, plus 6 1/4.  Bunge did stop most of the beans redelivered.   Rice held up pretty well given the rest of the market, and open interest only dropped 280 with 1800 contracts of volume.  Light deliveries as well.   Interesting.  Every day seems to be a curve ball in volume and open interest.  1758, off 7 cents.  Dow had a 1000 point range with Powell starting on script and giving us a decent bounce, but the more he talked to worse the market reacted.  off 507 points to close 32,178.  Bonds off 10 tics, 120.23.