Wednesday trade mostly just chop. Argentina wheat production officially reported off even more from their ongoing drought and we tested technical 824 support and bounced, 840 1/2, plus 5 3/4. Corn off 1 1/4 to 685 in a quiet trade and beans close off 1/4 after looking higher most of the day, 1381 3/4. Rice still pushing out weak longs going into delivery, 1603, off 15 1/2. Lower than I thought they could push it, but they are firing more sell side bullets than I thought they would. Margin clerk stops helping the sell side after Monday. Has me concerned if the funds loose their bullish flavor in the other grains. Dow off 5 points, 31,872, and bonds gain a point and 13 tics, 121.15.
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