Friday

Friday markets had some buying from Dow strength, as the stock funds drove up 328 points to 27,043, A 12 lousy points below Mondays close, for a great churn week, if not profitable for the buy and hold folks.  Bonds up 2 tics, 177.01.  Spill over to grains as corn up 1 3/4 to 365 1/4 and beans hold $10, closing 1002 1/2, plus 2 1/2.  Meal up $2-3 and firm in Oct.  Harvest weekend has buyers on the sidelines, but china is still buying, abet at a slower pace.  We are running into logistics issues.  Wheat needs a new friend, 544 1/4, minus 5 1/2.  Rice off 11 to 1245.  Millers still trying not to pay over 5.50 and surprised at the farmer strength I think.