Wednesday

Month end trading Wednesday With follow thru selling early getting no company and we bounce the rest of the day.  Corn fully recovered to 594, unchanged.  Beans and wheat get 3 1/4 higher to end 1299 3/4 and 594 1/4 respectively.  Rice pops 26 cents, 1729 and there was a reshuffle in options with an upside bias.  I would not short July rice and would not be in at all other than a small gambler share for those with that inclination.  Options bias is to $18 for those looking.  Dow off another 110 points, 32,979 and bonds up another 28 tics, 128.02.  Just looking at some of the lower range of the Dow big picture churn and bonds are in no mans land.  We are in an area where funds can have outsized effects as we saw on Tuesday, but hopefully you can see that most of this is designed to make you act irrationally.  They profit from your fear.  Or greed.  Something to remind yourself of probably numerous times this crop year.