Wednesday

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.