Wednesday

Pretty crazy election driven trade Wednesday in the financials, and demand and dry weather stories continue out of SA.  Bonds have a near 5 full point range day and close up 2 points and 13 tics, 174.14.  Dow rallies to 27,735, plus 359, but over 450 points off the highs.  Be wary in both, as now the computers have such wide ranges to churn in.  Beans lit a fire, up 22 to 1086 1/4 with meal strong and up $8.  Corn up 4 1/4 to 405 1/4 after a slow start.  Wheat closes off a couple, 606, but well off the lows as buyers kept coming thru the day.  This grain market isn't done yet.    Rice up 3 to 1228 in Jan and someone looked to be doing some buying out in march.  Looks like November will just be a commercial delivering to a commercial late in cycle.