Friday opened with rumors of Russia shutting the corridor and a market tired of sellers responded. Corn popped to 643, plus 11 1/4 and almost back to Thursday exports high. Wheat up 26 1/2 to 688 1/2. That's still not very much risk premium for a big global food source. Without any new production problems we have enough wheat, but not like there is some staggering surplus. Meal and oil both bid and beans gain 8 3/4 cents, 1428 1/4. Rice up another 32 as the short funds are bleeding, 1788. Dow closed nearly 400 point off the lows, 32,434, plus 115. Bonds up 18 tics, 132.11.
Comments are closed.