Wednesday

Wednesday financials showed their hand with the Dow dropping 238 points, 38,905, and bonds off a point and 8 tics to 122.14.  The part the public is missing is the last two days Dow action has moved us nowhere from Mondays close, but each day has had a massive 800-point range for the computers to churn retail suckers.  Bonds have had about a 50 percent retracement from 118 to high 126.  Fear makes people irrational.  Fear takes money and freedom from the many and gives it to the few.  Soft day in the ag room with corn off 5 1/2 to 383 1/4 and wheat down a nickel, 538 1/4.  Sept beans kiss 10 bucks and settle 1005 1/4, off 8 3/4.  Rice down 4 1/2 cents, 1515 1/2.  Watch export sales for signs of anything new or atypical, as well as flashes moving forward.  WASDE will be Monday at 11 and there is talk that we could cut acres in Soy and corn with a potential slight bump in rice.   Markets are set up for a bearish report in grains and friendly rice.  I wouldn't be surprised at the opposite.