Risk on again Wednesday with Christmas shoppers buying contracts everywhere. Wheat gains 15 to 814. Corn above the buck, 4 1/4 better to 602 1/2. Meal and oil both firm and beans gain 20 3/4 cents, 1328 3/4. That price puts most all the expiring options into play that I had any concerns about. It also puts a bunch of new longs into the market above $13. Rice gains 26 as the seller doesn't defend and upcoming Jan deliveries are looking like there could be a squeeze. Seems too early in the calendar to me, but? 1391 1/2 close. Dow up another 251 to 35,632, and bonds gain 19 tics, 161.12.
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