Wednesday

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.