Problem with \max

[Tarik Kara <ktarik@Bilkent.EDU.TR>]

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A while ago a have posted a message about \max not working as expected
when one has

\setupbodyfont[ams]

in the document. For example the following code

\setupbodyfont[ams]

\starttext
$x = \max \{y: y\in A\}$
\stoptext

Does not print a "max" after "x=" but prints "{y : y\in A}"  at a
smaller size. I am attaching the pdf output and the log file. What is the
problem and how can I solve it. 

Thanks,

Tar{\i}k

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This is pdfeTeX, Version 3.14159-14f-released-20000525-2.1 (MiKTeX 2.1) (preloaded format=cont-en 2001.7.16)  3 AUG 2001 10:19
entering extended mode
**max_test.tex
(max_test.tex{pdftex.cfg}

ConTeXt  ver: 2001.7.11  fmt: 2001.7.16  int: english  mes: english

language       : language en is active
system         : cont-new loaded
(d:\localtexmf\tex\context\base\cont-new.tex
systems        : beware: some patches loaded from cont-new.tex!
system (E-TEX) : [line 202] \ifcsname 
)
system         : cont-old loaded
(d:\localtexmf\tex\context\base\cont-old.tex
loading        : Context Old Macros
)
system         : cont-fil loaded
(d:\localtexmf\tex\context\base\cont-fil.tex
loading        : Context File Synonyms
)
bodyfont       : 12pt rm is loaded
language       : patterns 2-en-2 2-uk-2 2-de-2 2-fr-2 2-es-2 2-nl-2 loaded
specials       : tex,postscript,rokicki loaded
system         : max_test.top loaded
(./max_test.top
specials       : tex,postscript,rokicki is reset
specials       : loading definition file tpd
(d:\localtexmf\tex\context\base\spec-tpd.tex <unprotect 2>
specials       : loading definition file fdf
(d:\localtexmf\tex\context\base\spec-fdf.tex <unprotect 3> <unprotect 4>
<protect 4> <protect 3>)
specials       : fdf loaded
<unprotect 3> <protect 3> <protect 2>)
specials       : fdf,tpd loaded
) (./max_test.tuo) (./max_test.tuo) (./max_test.tuo) (./max_test.tuo)
(./max_test.tuo) (./max_test.tuo) (./max_test.tuo) (./max_test.tuo)
(./max_test.tuo) (./max_test.tuo) (./max_test.tuo)
(d:\localtexmf\tex\context\base\type-pre.tex
typescript     : [math] [ams] [all]
(d:\localtexmf\tex\context\base\type-syn.tex)
(d:\localtexmf\tex\context\base\type-enc.tex)
(d:\localtexmf\tex\context\base\type-siz.tex)
(d:\localtexmf\tex\context\base\type-map.tex)
(d:\localtexmf\tex\context\base\type-spe.tex
(d:\localtexmf\tex\context\base\math-ams.tex))
(d:\localtexmf\tex\context\base\type-exa.tex)) (./max_test.tuo) (./max_test.tuo
)
systems        : begin file max_test at line 3
[1.1{psfonts.map}]
systems        : end file max_test at line 5
 )<cmr9.pfb><cmmi9.pfb><cmsy9.pfb><cmmi12.pfb><cmr12.pfb>
Output written on max_test.pdf (1 page, 13296 bytes).