Friday

After Thursday big exports failed to goose the grain room much higher, it was pretty easy to expect some weakness Friday in front of another big harvest weekend.  With November options expiration in Beans on tap with we settled 8 1/2 lower, 987 3/4.  I'm a bit surprised we didn't pin a strike.  Open interest in Nov beans dropped by 71,000 down to 112K left open, showing the magnitude of what expiration can do to the number of players in the game.  A bit of the same story in rice, 1508 close, up 4 cents and open interest in Nov down to 1631, minus 446 on the day.  Dec corn down 6 1/4 to 415 1/4 and wheat fell 12 1/2 cents, 569.  The wheat dog isn't helping anything else on the floor.  Nothing earth shaking in Commitments.  Dow off another 284 points to end the week at 42,321.  Thats almost 1200 points lower than last Friday.  Bonds off 15 tics, 118.09.