What a Friday. Dow rallies 1200 from the lows to 33,994, plus 838. Bonds slip 6 tics, 152.08. Rice off a penny, 1511, as we settle up for deliveries. Corn off 35 1/2 to 659 1/2, losing 57K of open interest in a day, and of the big 3 it had the easiest run. Wheat had a dollar range and 843 close, down 83 cents. May limit 75 lower after setting a new life of contract high in night trade. Beans drop 71 1/4 to 1590 1/4 and losing 20K of OI along the way. Meal whacked and oil dropped 325 points on the day as well. Man was that a bloody week for a lot of people, and I doubt this will be the only time we have to write that this year. Grains switch to May with deliveries coming to spot months.
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