Monday

Surprised at the weakness Monday.  Drove a fair amount of miles in Indiana and Illinois.  The early planted corn was beautiful, but I was a bit surprised how much was planted late and how much some of those acres appear to be struggling.  I expect a 20 Bu. drop in yields in the late planted corn if this heat continues.  Is there enough early planted to offset that? Going to very hard to make 181 Bu average.  443 3/4 corn off 6 1/4.  Wheat down 21 1/4 to 591 1/2.  Thats the global barometer to me more than domestic, so when wheat catches a bid from this nasty break it should take the whole floor with it.  Beans down 22 cents, 1157 3/4.  I could see another 15 to the downside going into deliveries but can't see anything worse and if meal can continue $360 business, I just don't see any real reason to chase this break.  There is a lot of air above.  Rice casino hits red for a 50-cent break, 1768 1/2.  Someone did 150 bull Aug 3 ways and they haven't been around for a while so it's worth noting.  Moving to September for the financials, bonds off 28 tics, 119.18 and the Dow gets a nice bounce, 39,232, plus 223 points.