Wednesday

Oil backed off Wednesday and that's all it took for weaker beans, 1242, minus 8 1/2.  Corn slipped 5 1/2 as well, 532 1/4.  Wheat up  1 1/4 to 746, and rice bounced 8 1/2 cents, 1361.  Dow was much lower early but shook off the bears and closed 108 points higher for a 600 point rally off the lows, 34,291.  Just bigger churn ranges,  but those ranges would not be possible if there wasn't more fear in the market.   Bonds gained 10 tics, 159.15.