Friday

Friday trade jus pre-holiday book cleaning with corn plus 1/2 cent, 473.  Funds short 181K in commitments selling another 29k on the week.  1299 3/4 beans up 2 1/2 and leaving the 13$ puts to be exercised.  Funds pretty much out of their bean long.   Wheat up 3 3/4 to 616 1/4.  Rice gains 6 as well, 1739.  Jan rice open interest is down to 2000 with a week of trade left to clean up the remaining positions before delivery, taking a fair amount of fireworks risk off the table there.  On a positive note for all grains and rice specifically, the river is expected to rise to levels better than forecast a week ago.   Dow off 16 points, 37,740 and bonds leak 6 tics, 123.25.