Friday trade had corn up 1 3/4 to close out the week 15 higher than Monday, 346, with wholesale fund short liquidation. Wheat set back 3 1/4 to 539 1/4. Sept beans rallied 13 1/2 cents to 950 1/2, taking all the carry out of the spread in one day, and had meal up over $6 as well. Rice had quite a churning week going from 1226 to 1202 to 1262 to finally settle 1232. Lots of action for 6 cents. Now remember we have added a hurricane and newly discovered drought into the marketing mix, as well as China purchases, Brazil shortfalls that have been exposed as well as tight supplies globally, weekend and month end strength it would appear, and we are going into what could be a very dynamic week of trade. Dow up 143 to 28,611 and bonds up a tic, 176.14. Would you buy a single stock at current valuations with your own money? Lend at the current bond rate? Yet the financials are where they are as food prices are barely at subsistence levels for the farmer.
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