Friday

Soft open for most Friday with May deliveries now in play but firming thru the day as now the remaining shorts have to move.  Last day using May futures as well, we will be switching to July starting Monday.   May corn bounced 14 off the lows, 636 and plus 9 on the day.  Wheat up a nickel, 619 3/4.  These prices compare favorably with Russian wheat to most so I struggle to see why we would get much push farther down from here.  Beans up 17 1/2 to 1444 1/4.  Products both bid.  May rice up 52 1/2 to 1738 1/2 with Bunge stopping all the receipts and already new cancellations.   River freight is cheap.  Only 50 May left to deliver and new crop rice has more open interest than old crop.  Dow up 271 points to close near the high like most other Fridays, 34,200 while bonds go along for the ride, 131.21, plus a point and 8 tics.