Friday

As Friday trade winds down the week and month, we are weaker with tariff talk front and center.  Dow rolled over, 44,698, minus 357 points and bonds dropped 24 tics, 113.29.  These moves are really just back and fill from a pretty nice recent rally, but the weekend could get sloppy.  482 corn off 8 1/4 and a declining open interest which makes one wonder how much more the funds want to defend a weaker market in the face of export uncertainty.  Could exaggerate to the downside for a brief spell next week.  Wheat off 7 to 559 1/2 and a declining OI there takes some bloom off the rose.  Beans close off a couple but really in the middle of a daily range trade, 1042.  Rice off 9 cents, 1384 1/2 but increasing open interest and a wall of buying below 1380 has to have caught the short seller eye, not to mention dropping his average price to a less defendable level.  Big volume to boot.