Friday options expiration trade has corn off 1 1/2 to 377 on more talk that next years crop will give us too much carry over. Rice off a nickel, 1338 1/2 with the 1340 puts apparently wanting the short position. Beans tried the 9 dollar pin early but faded a dime to 890 1/2, minus 2 1/4. Wheat 550 held as well, 551, down 9. Please note again how important the options strikes were to the days trade and settle. It happens almost every expiration. Dow had to explore the lower end of Thursdays trade, and that's so predictable its almost not worth writing about anymore, 28,981, off 190. Bonds bounce a point and a tic to 164.31, not so much flight to quality, but an admission that we will have lower rates longer, like almost as long as the EU stays accommodating , which could be a very long time.