Solid day Wednesday for beans again as we rally 7 cents, 857 1/2. Meal found a bid for a few dollars as well. Brazilian Real is firming, and the dollar weakening, and I expect that pattern to continue for the foreseeable future. That is bullish exports of everything. Corn dull and off 1/4 to close 324. Wheat gets a 4 cent bounce, 512. Rice shorts getting killed again 150 higher and limit bid expanded, 2056 1/2. No more call upside and someone quietly did 480 July puts. The big player is certainly positioning to trap to the downside, and soon I believe, but again, bring a big checkbook and watch your size if your going to pick the top. Dow continues the melt up for 527 more, 26,228, while the bonds are off a point and 27 tics, 177.04. These moves are signs that the dollar has most probably peaked for a long time.
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