Weekend came and went without much change, and the Financials had a bid Monday. Dow had an 800 point range but gained as the day went on, 33,965, up 237 at the end. Bonds gained a point and 14 tics as well, 141.17. Be interesting to see if the bonds can hold the rally. Seems like at least one of the FED hawks is getting muted. I'm a bit surprised that this 140 area has held so well. Palm oil export restrictions only apply to refined and that took some steam out of the soy complex, with beans off 12 1/2 to end the day 1703 1/2. Wheat was another computer churn event, 1062, minus 3 1/2. Corn has a bid and some business, 800 1/4, plus 7 1/4. That was with another 40K of May liquidation. Rice up 9 1/2 cents, 1630, and we are down to 1000 may open interest, under registered receipt totals. These rolls in all the grains have gone smoother than I had expected and will be a moot point by Friday. Perhaps the weather delays around the country are starting to matter.
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