Friday

Weak open Friday but after testing lows we got a solid bounce in all the grain room.  Beans put on the best show, 1009 low early then a solid 14 cent bounce and possibly breakout to the upside, 1023 close.  Plus 6 1/4.  Corn bounced 11 off the lows to close 3 1/4 better, 453 1/4.  Wheat set new lows, 517 before a nice recovery to 528 1/4, still off 3 3/4 but a heavily weighted short in the funds looking at no more juice for the squeeze.  Pretty quiet rice trading either side of unchanged and a nickel better close, 1351 1/2.  Dow hammered for 751 points, 41,851 and bonds picked up a point and 14 tics, 117.03.  Could be a violent Monday in a whole lot of markets.