Friday

Financials off heavy Friday again and that put a ceiling across the floor, with the Dow off 459 to end the week 30,912.  Bonds closed up a point and 2 tics, 160.24, but had over 3 1/2 points of range.  That's worth paying attention to in the bond room.  May Corn traded off most of the day but found a bid and made it back to 547 1/2, off 2 1/4, with a 17K drop in open interest.  May beans saw 1378 low but recovered to 1404 1/4, off 3 1/4.  Meal still not helping and I don't trust oil led bean rallies for days, yet alone weeks.  Wheat off 15 1/2 to 660 1/4 and new KC deliveries don't help that story much.  Rice closes out the week 1304 1/2, down 6, and delivered current.  OI in rice down to 9K.  Everyone expects rice plantings to be off, but the question is how much.