End of year settling up on Friday really didn't bring any big surprises. Markets have an up bias to end things on a positive note, with Beans up 10 1/2 to 1519 1/4. March a nickel higher and we will be switching to march in soy moving forward. Meal got pumped up to 478 spot, a number I don't believe is globally sustainable over any period of time. Jan rice up 15 1/2 to 1805 but Jan open interest is under 100 and we will move to March there as well. I feel rice is tired. Corn slipped a penny after looking higher, 678 1/2 and wheat held 18 cents of a short covering rally, 792. Dow looked below 33K but recovered to 33,285, still off 90 while bonds off 5 tics to end the year 125.11. HAPPY NEW YEAR.
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