Wednesday

Markets mostly opened soft in the Ag room Wednesday but a little Russian saber rattling was all it took to halt the funds oversold positions as of late.  Wheat opened stronger closing 30 1/2 higher, 639 3/4.  The other soft grains took notice and rallied thru the day with corn 8 1/2 higher at the end, 588 1/2 and beans, which looked like they were giving up early, reversed and picked up 6 3/4 cents, 1417 1/2.  $8 cash rice didn't bring as farmer selling as some had hoped (probably because there isn't as much left on the farm as some hope and need) and LG traded a decent volume holding the bid, 1792 1/2, plus 9 1/2.   Dow wanted to be strong but faded and rolled over with the FED hiking rates again in a wonderfully tone deaf manner, although they did concede that the hikes were probably done without directly saying it.  The FED likes the press to make those declarations so they don't have to ever walk anything back.  Bonds up 14 tics in what I would say was a confused financial market, 131.28.  EU will show how a carbon copy machine works tomorrow.