Wednesday

Wednesday trade started firm in beans but faded to 1/2 lower, 1183 3/4 by the close.  Meal stayed strong so I think the bears are fishing for tired longs going into the end of the year.  Corn gained 2 1/2 to 427 1/4 and wanting to look over 430.  Wheat off 1 1/4 to 598 1/2.  Rice up a cent to 1234, but spread roll had 500 net longs sneak in and a friendly 3 way 100 lot Feb options trade got snuck in.  Dow in a churn day again and closes off 40 points, 30,074 while bonds gain a tic, 172.30.