Friday

Friday trade risk on everywhere.  Russian corridor still not settled and Argy soy shortfall is gaining some traction.  Beans up 18 3/4 to 1436 1/2.  Wheat up another 15 1/4 to 660 1/4 and I'm attributing the bounce as much to order flow from funds getting too short as Russia.  Same in corn with us closing up 7 1/2 cents, 596 1/2.  Commitments showed funds over their skis short corn and wheat. Rice up another 31 in very thin markets, 1828 1/2.  I think from here out you are more in a casino than a futures market for rice, especially old crop.  Dow rips for 543 points, 33,739 and bonds off a point and 5 tics, 130.31.