Friday

Friday trade soft in corn as we are looking at a decent weekend for rains and no extreme temps in the corn growing belt.  529 1/2 Sept close, off 7 1/4.  Wheat down 3 in sympathy, 615.  Rice had a dime bounce to 1286 1/2 and it sure appears that someone out there is willing to own this market below 80.  It will be interesting to see how the players react to what I suspect will be a soft WASDE rice report Monday.  Beans up 14 to 1379 1/4, nearly back to Thursdays highs and oil is back to leading.  Dow erases all of Thursday losses and more, 34,751, plus 457, while the bonds finally set back, 162.20, off a point and 10 tics.  WASDE Monday at 11.