Monday trade lead by big corn exports and china rumors for more corn, and a 10 1/2 cent higher close, 549 1/2. Beans look lower but meal catches a bid, up $6, and beans gain 6 1/4 to 1419 1/2. Wheat even finds a bid, 645, plus 6 1/2. Rice off a nickel in dead trade, 1294, but the big 3 way trader is back buying 100 of the 1320-1360 call vert and selling the 1280 puts to finance. Switching to June in the Dow, and another record, 32,850, up 185. Bonds gain 18 tics to 156.04, but it will take more than a day to get me to believe we are basing.
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