Wednesday

Dow hit for 489 on Wednesday, 23,391 as bonds rally 2 full points and 28 tics, almost like a flight to quality.  Corn off 6 3/4 to 319 1/4 as the funds want to turn 320 into resistance instead of support.  Wheat off 8 1/2 to 540 1/4.  Beans down a nickel, 842, but meal gained almost $5 and the meal spread found a bid.  Rice off 9 to 1419 with pretty low volume and solid prices paid for the spread roll.