After Fridays grain hit based on fear of an Iranian reprisal, today didn't have much follow thru. Corn off 1 3/4 to 384 3/4 and wheat down 4 1/2 cents, 550. Beans closed up 3 1/4 with a firm meal market as well, 944 3/4. The pressure of overbought funds and comfortable for the moment commercials pushed rice down 16 1/2 to 1305 1/2. Someone was there to defend, but he sure didn't seem in a hurry to pay up to add. Commitments today has the rice funds long over 4200 contracts. Still 20 unique entities. Wow. Dow started lower but closed 40 higher, 28,642, and bonds lost 14 tics, 157.27.
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