Wednesday

Financials are top of my radar of concern in Wednesday trade.  Bonds specifically.   Off another 22 tics, 122.09 and tested contract lows.  We are resetting to a new lower range, and it could be painful. Bond resets can have long and unexpected fingers.  Dow off 354 points, 35,403.  Wheat off 12 1/4 to 640 and corn follows, 488 1/4, minus 8 3/4.  Sept beans fade down to 1376 1/2, off 10 1/4 but Nov drops 20.  Rice the shining light, 1593 1/2 plus 9 cents.  Harvest pressure should be showing up.