Friday

Friday trade was more of a catch your breath and reassess the weeks positions, with beans holding Thursday bounce and august meal trading $516 for a new high before falling hard.  Oil found a bid to make the crush whole, and beans closed 1463 1/4 for a 2 cent gain.  Corn picked up 8 to 610 1/4 but open interest was off 6K and that's not a sign of new money.  Wheat looked higher early but couldn't hold and we leaded down to 775 3/4, off 6 3/4.  rice up 1 1/2 to  1734 but a 325 contract pop in open interest sure didn't buy much gain.  Long fund can't be happy with those results.  Dow rallied nearly 300 from the lows to close 32,757, up 76 points, while bonds tanked for 2 points and 15 tics, 141.07.