Friday

WASDE dropped at 11 on Friday with what I would call a bullish corn report, decent beans as well.  Wheat was bearish domestically.   Friendly Rice, especially long grain.   Corn struggled to stay positive by the end of the day, 402, plus 1 3/4.  Beans lost 5 1/4 to 1058 1/2.  Wheat spanked for 20 1/2 to 550 3/4.  July rice went off crazy strong, but Sept closed off 2 1/2 cents, 1463 1/2.   This is about a confused as I have been with market action vs what I see.  But one overriding fact is funds are record short corn and beans in the middle of July.  If weather cooperates, they could win.  If there is a hiccup, tiny hole for a big herd to fit out of.  Time is the overriding factor.  Dow up 212 points, 40,301 while bonds add 3 tics, 119.30.