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.
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