Friday

WASDE Friday morning didn't bring anything of note to me in corn and it gave back Thursday strength, 604 1/4, minus 6 cents.  I differ from their balance sheet up and down so time will have to sort that out.  We are in a weather market and rain will be the most important estimate for a bit of time.  Wheat up 4 to 630 1/4 and in a bit of no mans land here.  Beans power up 24 1/2 to 1386 1/4 but really biting into crush margins so that makes me a bit nervous,   No surprises to me that would drive on the report so this I'll attribute to order flow.  Rice July short squeeze continues as flat shorts and bear spreaders alike are getting hammered.  1902 1/2, plus 24 1/2.  Commitments doesn't have anyone too far out of line so I still don't think its an arena that many farmers need to be in.  Dow up 44 to end the week 33,909 and bonds leak 4 tics, 127.11.  I will be switching to Sept for the financials from Monday on.