Wednesday

Corn Bounced back Wednesday to recover all Tuesday set back and more as we close 11 3/4 higher, 815 3/4.  Beans up 30 1/4 to 1746 3/4 with products strong.  Wheat slips 11 to 1088 and although global wheat is hot, we just aren't shipping enough out of here yet.  Rice just trying to digest the last few days violence and get the spread roll done, 1605 1/2, off a penny.  Dow strong and closes with a 238 point gain, 35,079 and bonds pick up a point and 18 tics as well, 141.01.  Some are thinking that the fed wont be as hawkish as originally expected.  May 3-4 FED comments will be very closely scrutinized.