Friday

Friday trade Weak in the financials with the Dow in nearly a 1000 point range and closing off 629 points, 29,353.  Bonds off 24 tics, 125.17.  Beans lower early but a stronger meal market brought soy 9 higher, 1367.  Corn up 7 3/4 as well, 683 1/4.  Side note that oats have fallen to 3.79.   Wheat traded as high as 896 but faded to 880 1/4, plus 1 1/4.    Rice off 6 1/2 to 1682 1/2 and open interest is down to 8051.  Commercial shorts re-owning, and spec longs liquidating.  Same story, different day.  WASDE on Wednesday and there is a big spread in opinion for this one.  I've got these crops bigger, especially beans, but it appears for now that I am in the minority.