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Wednesday was a good day to own anything. Corn pops 18 cents, 558 3/4. Oats up to 425. Corn Open interest down nearly 10K as new shorts got slapped. Wheat up 20 1/2 with heat up north and too much wet in France. 654 1/4. Rice 8 1/2 higher, 1314, again on lack of new selling. Beans pop 31 1/2 to 1383 1/4 with meal taking the lead, and new spec shorts getting hurt there as well. Dow in a quiet day but still up 40 points, 34,816, while bonds regain all of yesterday losses, 162.19, plus a point and 5 tics.
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February 2023
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