Friday

Friday action led by weather and options expiration.  More moisture in the forecast hits corn the most, 630 3/4, off 29 3/4.  Pinned the 630s for expiration.  Wheat off 5 3/4 to 733 1/4 with the Russia conflict stirring in Ukraine and a bit of a civil war boiling in Russia itself.  Meal off again and soy loses 6 cents, 1494 1/2.  Nov hit for 29.  Rice up 9 to 1777 so after most of the July options saw daylight, almost all of them expired worthless.  Good for the trader/writer, bad for the owner.  Again.  All the grains had sharp drops to July open interest as we spend the next week pricing ourselves into deliveries and June 30 reports.  Dow off 233 points, 33,977 with the normal Friday buying subdued by Russia risks.  Bonds up 29 tics, 127.29 in a back and forth trade all week.