Grains-

Once again, grain calls are mixed this morning, with corn called steady, wheat a little better, and beans a little easier. Macro markets are mostly a negative influence this morning, especially gold.

The big news is the apparent capture or killing of Moammar Gadafi. I wonder if they got his brothers Curlymar and Larrymar as well? News out of Europe seems to go back and forth on the big Summit meeting coming up this weekend. This may cause some evening up of positions much like what we see before a USDA crop report. Export sales this morning were outstanding for corn at 69.4 million bushels ( including last week's China business ), Beans at 22m.b. ( with 300,000 tons to China ), and wheat a disappointing 14.7 m.b. After yesterday`s sell off, grains look a little vulnerable.

Tim Roth