Friday

Friday more of a year end winding down action but decent action by the end of the day none the less.  Wheat lost 3000 open interest but up another 13 1/2 cents, 629 1/4.  China rumors better be true to keep this dog in the hunt.  Corn followed 3 3/4 better, 483.  I guess our 20 cent range needs adjusted from 480-500 to 475-495 for where the churn computers may want to ruin.  Meant to type run, but I'll let the slip stand.  Beans up 1 3/4 to 1315 3/4.  Not bad.  Big roll in the rice and large liquidation for a 1712 close, plus 1 1/2.  Little player is over his skis long.  Temporary reprieve in the river level might give him an out.  18 better Dow close, 37,661 and bonds up 11 tics, 123.25.  Bonds at 124 or 118 send me the same signal, so its still wait and see what the rest of the world thinks of our debt load vs. what the FED thinks it can engineer.