Wednesday follow thru trade after the limit up corn close was rather muted as we closed only 7 1/4 higher, 524 1/2. Beans closed 12 lower, 1406 1/4, and 30 off the highs. Meal weak all day and off $8. Wheat held most of Tuesdays gains, only off 4 1/2 cents, 660 1/2. I would have bet that would have been the weak link on Tuesdays close. Some technical damage to the grain rally if we don't find our feet quickly. Rice up 27 1/2 to 1312 as it appears funds have rediscovered rice after a 6 month hiatus. Dow in a nothing day, 30,959, off 15 points, while bonds finally get a bounce we have been looking for, 169.12, up a point and 6 tics.
Comments are closed.