Wednesday

Wednesday trade driven by fear.  Beans gain 30 cents to 1391 1/4 on fear of a smaller SA crop.  Wheat up 27 1/2 to 796 1/2, and corn up 11 to 610 1/2 on fear of a Ukraine invasion and the global shift in demand that would create.    Rice up 13 1/2 to 1465 1/2.   All the grains getting a new fund long bid on fear of inflation.  Dow off 349 points more to 34,910 and bonds get a 28 tic bounce on fear of Fed overreach and possibly a recession.  This will probably be a very bumpy February.