Wednesday

Follow thru selling Wednesday morning at the opening, but buying all day Across the grain floor.  Corn closes 522, down 4, but 9 off the lows.  Beans down 16 1/4 to 1369 1/2, but 17 up from the bottom.  Wheat only off 4 1/2 cents, 667 3/4, and a 11 cent recovery.  Pretty quiet rice, 1321, plus 1 1/2.  Cant figure rice out here.  It acts like its waiting on news the whole world knows about to come out so it can adjust, but what if nothing comes?  Dow up 268 to 31,096 and bonds up a tic, 169 even.  Not surprised at the window dressing for the inauguration, but its time some heavy lifting occurs in the financials.