Wednesday

Corn sets a new high Wednesday but sets back about a dime to close 534, up 1 3/4.  Beans 20 off highs but still 4 1/2 better close, 1374 3/4.  Wheat off 7 cents, 658 1/4.  Rice rallies 15 cents 1345  1/2, with a new but much delayed Iraq tender finally coming to the market.  They don't have to buy American, but we have the money in place and LA milling and shipping is finally back on line and able to play.  Dow gets hit for 653 points in a bad day of trade for the longs, 30,189, and bonds pick up 18 tics, 170.14.