Wednesday

Wednesday trade all about the wheat tour and the bullish news coming from it, but mostly as expected.  Wheat up 14 1/4 on the day, 688 3/4, and that helped corn stay positive, 549, plus 2 3/4.  The first corn combines are rolling, and I expect good to great reports almost every day in corn yields for the foreseeable future.  Beans settled middle of the range, 1361, up 1 1/2.  Rice had 35 more vs cash against the recent receipt cancellations, and some late buying after a firm day to push 18 higher on the close, 1366.  Looks like a short coming out.  Dow off 119 in a standard back and fill day, 34,834, while bonds slip 20 tics to 164.12.