Friday

Wheat strong thru the day Friday and finally closed at 6 bucks, plus 22 1/4 to lead the rest of the grain room.  Corn picked up 2 1/4 to 496 1/4, but they added 15K of open interest to do it.  OI dropped 32K thru the last week, so they have the room.   As long as the funds want to keep their position, I'm not sure how we break much, but if they want out for any reason, we have a bunch of air below.  Global picture is friendly and now the press is starting its dance so that could make the reports more of a pivot point than a daily trade.  Beans picked up 6 to 1036 and meal is still below 300$ so we stand a chance of solid exports again.  Rice stalls and off 2 1/2 cents with over 1000 spread rolls and declining open interest.  1401 1/2.  Dow off 176 points in a churn trade because the sidelines is safer than the front line for a long weekend.  44,635.  Bonds up 17 tics, 115.17.