Friday

Not a lot of news Friday but the financials put up a solid bounce with the Dow up 406 points to end the week at 44,395.  On 11/11 we closed 44,441, broke to 42,991 on 11/19 and now have made the whole trip back up.  Where this matters to us in the grain room is don't be surprised to see outsized runs without much news, and if we get a good run to the upside between thanksgiving and Christmas, we really have to take some of the money.  Bonds up 5 tics, 116.09.  Beans bounced 5 3/4 cents to close 983 1/2.  Corn leaked 1 1/4 to 425 1/2 and wheat off 4 1/2 to 544 1/4.  With Dec options out of the way we could churn both ways in the next few trading days.  Remember next Wednesday close will be first intentions, so make sure your Dec longs are cleaned up.  Rice off 2 1/2 to 1514 1/2 but the fund short is still oversized.