Friday

Real grain story of Friday is that bulls need fed, and spread rolls with no big news generally generate at least some net selling, with the hit to total open interest as the marker.  Corn loses 1 1/2, flat price and spread, 548 1/2 with a small drop in OI.  Beans off 5 3/4 to 1366 3/4 with spread loss, OI loss, and meal off a couple bucks.  1300 rice is off 2 1/2 with a small spread roll loss and OI drop.  Rice was off 20 early as the bear tried to push but couldn't find any company, allowing for the bounce back up to only off 2 1/2.  Wheat had the same spread roll story, but up 3 3/4 to 641 1/4, regaining part of Thursdays losses.  Dull  and low range Friday Dow with a close 92 points to the good, 31,042.  Seems like every Friday they want to dress up the Dow as best as they can.  Bonds see new contract lows, again, as the big money continually, but quietly, leaves the party, 166.23, off 24.  We are off a solid 15 full points since this move started to become obvious.  Most have not noticed.