Wednesday

Hump day brought ripping financials with tiny news, realizing that the systems ran out of sellers to herd out, so the path of least resistance is up.  Dow up another 714 points, 43,466 and bonds pop a point and 20 higher, 112.17.  Last Friday had the Dow beat down to 42,160 so we rallied 1300 points in 3 days.  Wow.  Christmas day we were 43,645, so who really made any money since Christmas but the computer?  A 2-point rally in bonds still has us 7 full points below the recent highs.  Corn up 4 1/4 to 478 3/4 while wheat struggles to stay put, 547, plus 3/4.  Beans slipped another 4 3/4 to 1042 3/4.  Rice fund short still feeling the squeeze although I would say there was clearly some longs ringing the register and the short funds sure are patient.  1483, up 10 1/2.  Still waiting for a big volume day in rice.