Wednesday

Wednesday 18 1/4 cent bounce in soy, 1232 1/2, with corn following 6 better as well, 481 1/2.  Wheat tried but couldn't play, 597 3/4, off 3/4.  Rice slipped 3 1/2 to 1555 as we finally got the Sept/Nov spread roll volume showing up.  Dow cracked 35000 and closed off 186 points, 34,821.  Financials are shaky but this is so far the computer just trying to figure out the size and emotion of the sucker pool.  Bonds off 23 more as we abandon the 120 support, 119,12.   Ironically, Argentina is potentially abandoning the Peso for the Dollar because the peso is deflating to worthlessness because of poor government policy, moving to a new currency(dollar) that is deflating in value because of poor government policy.