Friday

Friday corn leaked 4 3/4 to 464 1/4 and beans off 3 1/4 to 1009 3/4.  Seems like the markets don't want to get too far away from 460 and 10.10, but I wonder how long we can stay in this pattern.   Wheat up a penny, 558 1/4.  Rice gained another 11 cents as we claw back out of the fund sellers' hole, 1342.  As you look at all the grains and what effects 4/2 tariffs might bring, we import way more rice as a percent of exports or consumption than any of the other 3.  Canada with oats could do some interesting things domestically as well.  Dow spent Friday in a mostly lower 600-point early churn before finding footing to get 33 points better by the close, 42,319.  Bonds off 11 tics, 117.12.