Friday

Options expiration Friday made sure rice stayed above 1560 to settle the calls in and the puts out of the money.   1568, off 3 1/2 and open interest over 10K.  No reason to be in Sept any more.  Corn and beans didn't really have any pin issues, but soy has a solid bid on drier weather than we would prefer to finish out the crop.  Beans 16 higher, 1387 3/4 but corn ended off 1/4 to 488, held back by wheat which dropped 10 3/4 cents, 593 1/4.   Jackson hole is here so sell the rumor, buy the fact financial trade and we bounce 237 points, 34,377 while bonds languish, 119.24, off 3 tics.