Wednesday

Wednesday trade mostly softer in grains as no news to feed the bull gives us a pullback in corn of 5 3/4 to 417 1/4.  Wheat drops 10 1/2 to 598.  Wheat doesn't seem to like being over $6 for very long.   Beans have a 6 1/2 cent follow thru rally but sure acting tired as volatility gets sucked out of July options.  Rice unchanged, but tired as well.  1244.  Dow just has a churn trade, 29,311, off 8 points, and bonds find 21 tics, 170.21.