Wednesday

Key feature to me in Wednesday trade is what appears to be the short side funds getting the green light to run again, and recklessly, they did.  Beans pushed down pretty good overnight, but buying thru the day brought us back over 1150 quickly and we closed 1153, off 9.  More corn sales and lack of wheat selling helped, as corn closed up 3 cents, 423 3/4, and wheat gained 11 1/4 to 588 1/2.  Rice was dead other than spread roll, 1245, minus 8.  Dow spent a good part of the day lower, but really just a churn trade again, and closed 64 points higher, 29,868.  Bonds leaked another 16 tics, 172.05.