Monday

Monday was first intentions for Dec grain contracts, so in those we will be switching to march.  March corn down 9 1/2 to 582 1/4, and surprisingly DEC stayed the firmer market.  Spread can only get so tight  in December, but the shorts would rather wait it appears.  Beans down 11 1/4 to 1241 1/2, right on top of support and shaky, with weak products.  Commitments tells an interesting story in soy.  March wheat off 18 in step with the Dec and a carry spread as well, 822 1/4 close.  Plenty of deliveries there.   Rice up 1/2 cent in a churn day, 1429 1/2.  Dow had a 500 point range and closed up 219 points, 35,077, to signal Europe that we are OK, but I'm not so sure.  Bonds give back 28 tics, 162 even.