Friday

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.