Wednesday

Wednesday trade mostly driven by evening up in front of Friday WASDE.  Expected rains weighed on new crop.   Corn off 3 3/4 to 604 1/4.  New crop softer.  Wheat slipped 11 cents, 616 3/4.  Beans got a 7 1/2 cent bounce, 1360 3/4 with spot meal catching a bid.  Rice squeeze continues, 1831, plus 18 1/2.   Dow in a tight churn range trade, 33,709, plus 92 points while bonds faded with what is expected to be the last rate hike in July making the rounds, 126.10, off a point and 13 tics.