Wednesday

Risk off day as the Dow drops another 228 points, 33,424 and bonds leak 21 tics, 131.23.  Bonds seem to hit some form of headwinds every time they look over 132 lately.  Corn off a nickel, 641 1/2 as we approach delivery notice on Thursday close for the grain room.  Same story in wheat, 627 1/4, off 11 1/2 and contract lows. Funds have to be short a stupid amount of wheat right now.   Front beans down 9 1/4 cents, 1436 as the spread gives up premium.  May Rice picks up 3 to 1693 as I struggle to believe commercials wont want nearly carry receipts with a long time to go to get new crop to mill.