Friday

Friday had decent exports in everything except rice but rice had the biggest pop, 1811, plus 20.  Rice is pretty neutral from a positions standpoint and whichever way money wants to push it for the next 50-75 cents, its going.   Open interest dropped and we had spread roll to new crop so clearly part of the strength was short covering.  Corn slipped a penny in quiet trade, 676 1/4.  Wheat up 7 in front of weekend potential issues with the Russia corridor, 741 1/2.  Beans off 8 1/4 to 1506 1/2 with weak meal and oil, both flat priced and spreads.   Dow hinted lower and tried to get under 33k but turned and rallied to 33,474, plus 335 on the day.  If there is any way for a higher close on Fridays, they will find it.  Bonds give pack a point and 9 tics of the midweek rally, 130.15.