Friday

Friday looked to be the standard open high and fade in the grains, but it was weekend and month end, and that means we get a little more closing paint.  Corn closes 12 1/2 higher, 547, and trades a new move high during the day.   Wheat 16 higher, 663 and firm all day.  Meal $4 to the good and that helped beans stay solid, 1370, up 16 3/4.  Rice up 7 to 1346. What I find positive about the grains in general is that we are holding these gains without silly increases in OI, as well as soft financial market input, as the Dow closes off 628 points, 29,879, and bonds drop 27 tics, 168.23.