Friday

End of month trade Friday and delayed exports to start the morning with nothing out of the ordinary other than big rice exports.  Old crop rice still couldn't get anything going and faded another 16 lower, 1767.  Fund roll in rice was less than Steller as well, but the long new crop player pumped Sept up 15 for the close.  Part of that is from the Brazil flooding and we should have a much better handle on long term damage by the end of next week.  Commitments in corn show the funds adding back shorts again and three down days with increasing open interest will set us up for another upside pop at some point, but possibly not until July deliveries are in play.  1205 beans off another 4 3/4 and wheat off 2 1/2 as well, 678 1/2.  Dow rips 560 points higher late and bonds recover 16 tics as well, 115.30.