Strong day Friday in the grain room, lead by wheat, 891 1/2, up 55 cents. Corn in tow, 633 1/4, plus 24 1/4. Beans up 28 to 1513 1/4. Rice with a 7 cent gain as well, 1645 1/2. Bonds drop a point and 18 tics to 136.27 and the Dow trades a very tight range, giving back only 57 points of Thursday pop, 31,310. Financial room is trying to say things are settling down, but I trust that about as much as the latest politician. Lets try not to overthink this. We blew a few big funds out of grains and some of the faster turning short funds piled in. If anything is to be learned from recent trade, its that these markets don't have nearly as much depth as volume would make you think, and technicians still run the show. When we get prices that make sense, we need to take some off the table.
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