Friday

Friday trade has wheat leading the way, 614 1/2, plus another 18.  On Tuesday of last week wheat was a 570 product.  This all goes back to Russia.  Big crop and trying to shut off exports because of internal food inflation ?  Same story with China.  Supposed OK crops but massive internal food inflation and big imports.  Communism and transparency are diametrically opposed institutions.   World grain numbers, including wheat, can get very tight when you exclude the supply numbers china presents as fact.  Why I always run my numbers ex china.  Corn follows for 2 1/4 to 423 1/2.  Meal up $3 and beans gain 7 3/4 to 1160 1/2.  Rice picks up 7 as well, 1247.  Back up to the area in rice where the sellers seem to be willing to operate.  Dow looked lower thru the day Friday but really just another churn day for the computers, 30,033, plus 23 points on the close.  Monday will shift to march for Dow trade.  Bonds gain 6 tics, 173.21.   Monday is last trading day of all DEC Ag, and I would hope no one is still in Dec anyway.