Wednesday

Wednesday wheat trade was a drag on the whole floor losing 40 1/4 cents, 720.  Corn off 17 1/4 as well, 540 1/4.  Rice off 40 early but recovers to only down 8 1/2 to end the day at 1584 1/2.  Would like to see more volume and less one lot computer to want to re-own.  Sept beans up 18 1/2 to 1468 1/2 but Nov could barely stay at unchanged.  Front meal is getting squeezed and that is the fuel for front beans.  We have a lot of air in the price of everything we trade.  Caution.  Dow up another 80 after the FED raised 1/4 point as broadcast.  35,684.  Bonds pick up 21 tics, 126.06.