Wednesday

Wednesday trade solid in ag as Brazil dryness still an issue for second crop corn and wheat shorts caught holding the bag.   Debate is moving to if the USDA really is right about acres vs. how much they are wrong.   Wheat gains 18 1/4 to 648 as the short systems wont stay around when they aren't getting paid.  Corn pushes to new highs and closes 594, plus 14.  Beans up 20 1/2 to 1410 with strong oil and meal up 3 after rejecting the 395 area.  Rice dead other than the roll again, 1316 1/2, plus 3 1/2.  Dow in another tight range but testing highs again, 33,624, up 54 and bonds slip 9 tics, 156.28.