Friday

Friday delayed export sales not terrible by any means but soft and it showed in trade.  Corn slipped 1 3/4 to 402 as the stronger of the grains.  Not many home runs out there in corn yields coming out to me.  Wheat gaining 7 to 625 1/4 helped.  Remember, wheat is the global story, while the rest are local logistics stories today. Once everything is in the bin, global stories will become the feature, and that's no more than a week or two away.  After higher early trade, beans off 12 1/4 to 1050.  Big spread roll in rice and a million bu of vs cash trade as rice futures slip 14 cents, 1237 1/2.  Stuck in a range.  Dow up early and a 400 point churning range, but settle only 22 points higher, 28,408, and bonds off 11 tics, 174.29.