Friday

Continued selling Friday after Thursday soft report with large fund longs needing new fuel.  Corn off 13 3/4 in the front, 735, and the big spread roll will be coming with May/July 13 over.  A bit of the same story in beans, 1582 3/4, off 35 1/2 and again strong 16 cent inverse in a roll spread just around the corner.  Meal got whacked following China action, but maybe enough for now.  Wheat down 21 1/2 to 984 1/2. with the spread even and a lot of receipts at the board.  Still struggle to see wheat below $10 with what is going on in the world.  Rice off 1/2 cent, 1600 1/2.   Dow dressed up 100 points for the Friday close, 34,718 and bonds slip 8 tics, 149.26.