Wednesday

China buying is the lead story for Wednesday, with corn gaining 8 1/4 to 317 1/2.  Funds are short over 160K of corn by my count, Options guys only know how to sell calls, farmer isn't motivated to grow a record crop, and china is buying.  What could go wrong with a short position?  Beans up 4 to 834 3/4 with china flash sales.  Rice up 68 1/2 to 1582 1/2 as the old crop shorts are being squeezed mercilessly.  Wheat closes 543, off 3 3/4.  Dow up 427 points, 23,356, and bond slip a point and 9 tics in range bound churn, 180.31.