Monday

Mostly weaker trade in the grain room Monday after a benign weekend empowered the short funds to get more short.  Corn off 17 1/4 cents, 393 1/4.  We have all these stocks and July corn is over sept corn?  Funds can't bully July futures, but man, the farmer is stubborn.   Commitments has funds short 337k corn as of last Tuesday, and I think a fair amount more today.  What could go wrong?  1096 3/4 beans off 29 1/4.  Wheat drops 20 cents, 570 1/2.  Down is the current path of least resistance, at least for now.  Hurricane went into rice territory in Texas and did some damage, rice up 23 cents, 1479, on a lot less volume than the break.  At some point I expect the same kind of action in the other grains.  Dow looked at 40K but faded to 39,650, off 45 while bonds picked up 6 tics, 119 even.  Talk of Fed interest rate cuts in front of the election back on the table.