Friday

Friday feature is the Dow churn trade, where we pop 600 Thursday and then Friday we roll over and break 946 points to 32,882.  They normally defend Fridays, but when they don't, breaks can get ugly.  Pay attention to Monday trade,especially late.  Bonds off 17 tics, 140.22.  Corn up 2 1/4 to end the week, 818 1/4.  That slight uptick is spread related, and we will be switching to July futures moving forward after today for all grains.  Rice ran to new highs, 1709, plus 31 1/2.  Cant find any news to justify the bump for now, other than weather.  Beans up 1 3/4 after the soy complex was unable to hold bigger early rallies, 1708 1/4.  Wheat down 30 1/4 to 1043 3/4.