July corn took a bit of a hit Friday, off 22 1/2 to 697 1/4 with some possibility that a commercial short may be forced to deliver a few receipts to clean up open interest, China saying they will need less corn than expected next year, and a court ruling that might very well put the hurt on E 15, which is a bigger long term deal to me. Fact is, decreased E 15 could easily change my domestic corn demand for next year by several hundred million Bu. That would have an effect on future DDGs supply as well. Time will tell if the green agenda is going to keep the bio-fuel advancements we have, or move on to Carbon credits, a moving target as far as quantification goes, to make themselves self important. Dec corn only off 9 and oats are a penny better. Wheat got hit for 12 3/4 Friday with a break in the heat and some rain in the forecast for the northern plains, 645 3/4. Rice off 31 1/2 to end the week 1284, with July almost totally in the books, cash pretty quiet, and everyone in the markets moving on to Sept. We will be as well Tuesday morning. Front beans up a nickel, 1451 3/4, with some questioning on farm stocks numbers, and new crop hovering around $14. Dow up 163 in a pretty tight range, 34,677, and bonds picking up another 23 tics, 160.29. This is in the higher end of my range of Bond objectives given expected inflation in the future and this product pricing up to 30 years of future rates, but we have built in mandatory buyers, and there is always flight to quality when certain people are much more concerned with return of capital vs, return on capital. Time will tell.