Wednesday

Bean buyer came late to make sure beans were a nickel higher to close out Wednesday at 1394 3/4, but not enough new buying anywhere else.  Corn gave back 7 1/4 to 602 1/4.  Wheat off 9 1/4 late, 760 3/4.  Rice had a goofy churn day but wound up off 2 1/2 cents, 1467.   Fed is going to cut back their purchases and raise interest rates this year according to a statement, and the financial market cried as expected.  Dow off 384 points, 36,291, after posting a high in the morning, and bonds lost another 14 tics as well, 156.12.  Bonds better find a floor in the next few days or we are looking at trouble.  They always seem to find a reason at the last minute, but one day the music will stop.