Beans strong all day and oil leading the way Friday. 1430 close in beans is 19 1/2 higher. Corn gained 13 to 545 1/2 as front month is getting squeezed. We are tighter in the country than most suspect, and that will be a recurrent theme all this summer. I would not be surprised to see the USDA add imports to beans in the report on the 9th, and I expect they will have to at some time just to balance the books. Crush pace for meal simply cannot stay here and the export pull because of delays in SA is a fair amount higher than I had penciled. As most know, I have been expecting a significant pullback, and if they cant make this latest ASF story out of china stick in the next week or 2, I don't know that we get it. Wheat just playing with the chart lines to drive up churn volume, 653, plus 2. Rice off 13 to 1322 1/2 with a somewhat quiet cash market but it seems like a bid shows up every time someone wants to push down. Rice cant afford a break right now, we need the acres way too much. Dow up 587 to 31,465 and bonds get 4 tics, 158.24. Will switch to June in the bonds next week.
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