Wednesday

Humpday trade in the grain room mostly back and fill with beans suffering the most, 1057, off 18 and giving back all Tuesday rally.  Corn off 1 1/4 to 493 1/4 and wheat down 4 3/4 to 572 1/4.  Rice down only a nickel, 1350 after late buying rallied us back from contract lows.  Whoever is selling rice has a big bet on.  Dow back over the buck, 45,004 for a 307-point bounce and firmly putting the sub 44K rout behind us, at least for now.   Bonds up a point and 13 tics, 116.05.  If the Fed jobs reduction offer of Trump and Musk gets traction, it could force a big enough bump in unemployment to justify more rate cuts.  Time will tell.