Delayed export sales Friday morning had solid wheat and corn sales, great bean, meal, and rice shipments. Corn closed 5 1/2 higher, 425 1/2, and wheat gained 8 1/4 to 596 1/2. We will be switching to March corn and wheat futures as deliveries start with Mondays close. Beans gained 7 3/4 to 1191 3/4. Not at all ready to roll over. Rice up 23 as more buying surfaced to move us past the 1250 area selling, 1267 1/2. We know the commercial will pay 5.75 to keep the pipeline moving so this pop is not surprising, but it will take more work from 575 on without a new export player. I was very happy to see Venezuela in for 30K in one shipment. Dow had a 300 point churn day and closed 46 higher, 29,874. Bonds gained a full point to 173.28. Need a few more days to believe there is a confidence that the financials will stay stable. I still expect more fireworks between now and Jan 20.
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