Friday

Loose money in the financials again Friday with the Dow gaining 281 points to close the week at 41,427.  Bonds added 12 tics, 126.23.  Wheat powered up 16 1/4 cents, 594 3/4 but it is still short covering.  Corn gained 7 1/4 to 413 1/4 on a 22k bump in open interest, which bears watching to determine if we really are placing a low for the move or we just suckered the quicker trend followers to act.  Beans slipped 4 1/2 cents, 1006 1/4.  Weather this weekend will shut down the delta harvest but should dial up as we work the machines north.  Nov rice closed 1526 1/2, plus 2 and 281 Sept went off 23 cents better.  I can't sort that squeeze out.  Hopefully time will make sense of it vs. just a stubborn trade.