Friday

Friday trade is month end with a strong Dow and heat for next week to put a bid in the beans.  August up 27 3/4 to 1637 and no deliveries on first notice.  Will be switching to Sept bean quotes moving forward.  Sept corn up 1 1/4 to 616 1/4, and wheat off 9 1/4 to 807 3/4.  Some talk of vessels moving out of Ukraine ports that are already loaded, but also concerns about poor quality from sitting this long.  Rice off 13 1/2 cents, 1688 1/2 with the first decent reports out of La. fields.  Fund long didn't defend and we lost some open interest.  Dow up 335 points to paint the weekly charts, 32,825, and bonds up 27 tics, 144 even.