Monday

Weak Dow was the feature Monday as pressure all day kept any buyers patient.   608 points down at the end of the day and not really any big stories, but a good trap for the computers that got convinced we would trade a range every day.  27,581.  Bonds gained a full point to 173.19.  Not a flight to quality trade by any means , but at least something constructive in a bond market I have grave concerns about.  Wheat was the softest grain, 620, off 12 3/4.  Rice slipped 5 1/2 to 1229 as the Nov roll winds down.   Stories out about the southern parts of china having significant production issues, but the northern regions producing enough to make up the difference.  Problem is they grow medium and short up north and long down south.  Rice people will understand that is a big issue on the demand side of long, and might help explain the unseen hand under the LG market.  Corn off 1 1/2 to 417 3/4 and beans gain 4 to 1087 3/4.