Big ranges and computer driven trade Monday across most tradable commodities as the holiday scramble takes solid hold. Dow has over 1000 point range and settles unchanged, 30,113. Wow, just wow. Anyone that thinks fundamentals matter on any given day needs to look at Monday Dow trade. Bonds up 8 tics, 172.12. If there really was a financial story, any story of merit, bonds would have had more to say. Beans rip for 23 1/4 to 1243 1/4 as we hunt 1250. Wheat in a big churn but closes up 3 cents, 611 1/4. Corn gains 2 1/2 as well, 440 settle with a dime range. A farmer with a lot of corn in the bin might be looking a lot harder at booking some of it up here. I'm not saying sell the whole bin, but it seems time to reward some of the bulls with some more feed to me. Rice off 22 in a terrible action day, but right back down to commercial support, and those bids appear to be there to catch the drop from here on. 1236.
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