Global and local domestic news putting some pressure on the financial side Friday with Austria locking the country down and fears that Germany might follow. Dow broke from a firm night trade to lower with a 500 point range and we closed off 262 points, 35,549. Could have been worse as several countries backpedaled or assured that no one else was going off the rails. Bonds gained 28 tics, 161.26. Bonds at 161 and hyperinflation are not compatible. I don't know what financial engineering is going on behind the scenes, but big money is not nearly as afraid of inflation as us lay people. Corn closes Friday 570/4, off 2 1/4, but still a dime higher than i thought the market could go. I expect next week to be difficult for the corn bulls. Wheat did gain 3 to 823. Beans off a couple to 1263 1/4 with oil soft and meal run seemingly tired as well. Rice loses 2 1/2 to close 1456 1/2.
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