Friday

Friday big build up to the WASDE report kind of fizzled as mostly the USDA gave what people expected.  Neutral/bearish domestic wheat and we lost 11 by the close, 626 3/4.   Corn tried to rally on a 175 yield but faded 20 from the highs to 474 1/2, off 8 3/4.  Beans dropped 14 3/4 to 1337 1/4 in the Sept with Nov losing a dime.  Rice 21 off the high, 1599, down 4 1/2.  Not much bullish in the rice report.  We move on now in AG to global events and global demand, as well as any late weather changes.  Before the next WASDE we will be talking about SA weather.  Dow chopped lower and higher, 35,351 to end 100 better.  Bonds off 30 tics and back to a 120 handle, 120.24.