Friday trade in front of options expiration and a weekend of Russian concerns didn't have much effect on wheat, off 30 cents, 708 1/4. Corn off 10 1/4 to pin a 650 close. Rice pinned as well, 1680, off a penny. Beans down 5 1/4 cents, 1529 and a big put short seemed to want to make sure the front stayed strong. It will be interesting to see how the first half of next week trades in soy now that the march options have disappeared. First intentions is Monday close so make sure you are out of March futures by Monday's close. Dow off 356 points to close 32,826, above my support but we took it out during the day so Monday morning needs to bring some new money. Bonds off a point and 7 tics, 123.28 and looks like the whole yield curve is sickly. Fed higher rates for longer starting to be believed.
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