Friday

Lots of things to move the market Friday.  Acres, stocks, deliveries, weather, Lack of options coverage because of July expiration, the list goes on and on.  Still no deliveries in corn, meal, or beans.  Rice receipts all sucked up first day and someone still has to come up with more physical.  Acreage report just lost 2 million grain acres and another 2 million switched from beans to corn.  Stocks lower than expected across the grains.  Rain in the corn belt for the weekend forecast.  Acres trumped all other #s as beans rip for 77 1/4 cents to the upside, 1557 1/4.  Meal up $17 and bean oil limit bid.  1805 1/2 rice is 35 better and no volume.  Corn shelled for 26 1/2 as we break to account for a crazy high acreage number, but that number will have to be used in the next WASDE.  554 1/2 July and DEC trades down to 494.  Wheat off 16 3/4 to 636 1/4.  What a day.  Dow continues the bounce, 34,643, plus 290 while bonds rally 24 tics, 126.29.