Lower acres and slightly lower stocks Thursday drove corn 15 1/4 better, 442.  Big jump in open interest so both sides have a bigger vested interest in how next week plays out.  Wheat up 12 3/4 as well, 560 1/4.  I think India's production and prices will be the next fuel if their internal prices don't slip.   Beans gained acres and supply, although I would argue rounding errors in the big picture, 1191 1/2, off a penny.  Rice off 22 1/2 to 1636 as funds are almost done with the big long unwind and I didn't see anything shocking out of DC on this front.    Some bullish option 3 ways in new crop quietly traded.  Dow up 32 points, 40,176 and bonds up 8 tics, 120.14.

Humpday saw new money flows into equities as the Dow ran up 464 points, 40,144 and bonds gained 18 tics as well, 120.06.  I attribute this to a looser than publicly stated monetary policy by the Fed and I don't expect them to severely tighten any time soon.  Russia seems to have stabilized their wheat export situation and wheat gained 4 to 547 1/2.  Hard to push wheat down much unless we have the acres wrong, and we will know that at 11 Thursday.  The rest of ag soft as corn drops another 5 3/4 to 426 3/4 and beans off 6 1/2 cents, 1192 1/2.  Rice off over a dollar in the last week as the long funds have mostly left the building, 1658 1/2, off another 21 1/2.  Report Thursday at 11 and no trade Friday. 

No fresh news and all the grains leaked lower Tuesday.  Beans back under the buck as we drop 10 1/4 cents to 11.99.  Wheat loses 11 1/2 to 543 1/2 and corn off 5 1/4 to 432 1/2.   More rice long fund liquidation with another 24 1/2 cent break, 1680 close.  Financials were dead all day with the Dow off 19 points, 39,680 and bonds getting back 10 tics, 119.20.  

Good bounce in the beans Monday, 1209 1/4, plus 16 3/4.  I stress again that these are computer churn ranges.  We are just flopping 20 cents at a time now.  Quiet in the corn 437 3/4, off 1 1/2 and wheat, 555, plus 1/4 was a dozen off the high.   Rice got beat down 30 cents as the long funds continue to exit.   Dow has a quiet leak 167 lower, still 39,699 and bonds give back 15 tics, 119.10.  

Mostly weakness Friday with beans off 19 1/2 cents, 1192 1/2.  Rice down 17 more, 1734 1/2.  Corn quiet but still slips 1 1/2 to 439 1/4.  Wheat counter trade, 554 3/4, plus 8.  Dow gives back some of the recent strength, 39,868, off 338 points while bonds pick up 25 tics, 119.25.  

Wednesday soy complex firm early, set back a bit, but powered into the close with beans 24 better at the end, 1209 1/2.  Corn had nothing, 439, minus 1/2 cent and wheat leaked 7 1/2 to 545.  Rice open interest slowly fading, 1769 1/2, off 3 1/2.  Fed speak between the lines to me is willing to accept a higher rate of inflation and expects to cut rates 3/4 point in 3 stages by the end of the year.  It is probably impossible to get sub 2% inflation with the government printing press that is currently without equal in the history of this country in peacetime economies.  Dow loves this, 39,940 for a 401-point rally to new highs.  Bonds languish, 118.26, plus 3.  

Another churn day in the grain room Tuesday with some short cover by the managed money to add a small dose of spice.  Wheat the biggest benefactor with a 9 3/4 cent bump up, 552 1/2.  Corn gained 3 1/2 to 439 1/2.  Beans slipped 2 1/4 to 1185 1/2.  Rice down 4 as well in nothing trade, 1773.  Everyone really waiting on the reports of the 28th.  More of the bank backed analysts are looking at less fed rate cuts this year and the Dow gains 316 points, 39,539.  Bonds gained 17 tics which is counter to the story and catches my eye, 118.23.  

Nothing really exciting about Monday trade.  I was traveling all day and couldn't watch the action, but I believe we are just churning around.  Corn slips 3/4 to 436.  Beans off 10 1/2 cents, 1187 3/4 and wheat pops 14 1/4 to 542 3/4.  Rice down a nickel, 1777.  Dow picked up 70 points, 39,223 while bonds are off 17 tics, 118.06.  

Export flash in corn Friday good for a floor and corn closed 3 better, 436 3/4.  Funds covered 40K of shorts in the commitments report.  Beans kiss 12 bucks and settle 1198 1/4, up 3 as well. 1782 rice slipped 4 1/2.  Wheat off 3 3/4 cents, 528 1/2 with more China cancellation rumors, but all across the grain floor I was satisfied with the basing or stabilizing action.  Dow off 194 points, 39,153 and bonds in a lull, 118.23, unchanged.  

Thursday had soy exports to China as early fuel, but market faded more than 20 from the highs to 1195 1/4, off 1 1/2.  Corn down 7 1/2 cents, 433 3/4 but really stopped at resistance and so far, held support.  Afraid we are going to be in range trades for a bit.  Wheat off a dozen to 532 1/4 but Russia acts like they have found a floor so even if wheat tests the lows I wouldn't expect a lot more downside.  Rice off 11 to 1786 1/2. Deliveries are done so if the funds are going to try an upside push, I would expect it in the next week.    Dow drops 174 points, 39,347 and bonds off a point and 17 tics as well, 118.23.  Bonds nearing the bottom of my range for this move.