Friday

Friday trade fueled by the extended forecasts for big heat and little moisture in the mid west.  After the close commitments confirmed that the week previous had significant fund selling, and those loser positions being cleaned up for the end of the week probably played a role as well.  493 corn settle was 7 1/4 better, but on a small declining open interest.  Wheat gained 26 3/4 to 613 1/4 but OI slipped there as well.  Soybeans and products end the week firm.  Nov beans up 23 1/4 to 1353 1/4, nearly a 50 cent pop from Tuesday close.  More spread roll in rice as we are down to 4800 Sept, 1554 1/2, up a penny but declining OI there as well.   Churn Dow trade, 34,565, plus 29 points and bonds pick up 18 tics. 119.07.