Friday

Friday saw Wheat stall, off 1 1/4 cent, 652 1/2.  Its a feed replacement for corn in lots of places in the world, and it is helping keep a lid on corn, at least for now.  Hard to make ethanol out of wheat though, and the sorghum that would have been in the bio mix this summer has already left on a slow boat for china.  Corn off 4 1/2 to 585 1/2.  Funds don't seem too interested in pushing down just yet.  Summer driving season is almost upon us, and ethanol is mighty pricey, which will encourage the corn grind.   Bean oil re-found its mojo for 140 points and beans followed suit, 1433 1/4, plus 15.  One of the rice longs just gave up in the roll trade and liquidated about 300 longs, 1288, minus 17.  Down into stacked up bids at the close.  Dow continued the march up to close out the week 34,081, up another 158 points.  Bonds dropped a full point to 158 even on Thursdays overblown rally rejection.