Monday

After a weekend of harvest, we had soft grain trade Monday with beans off 13 3/4 cents, 974.  Corn lost 4 1/2 to 410 3/4 and wheat hit for 10 3/4 cents, 558 3/4.  Rice more spread roll and Nov is already under 1100 open, 1507 1/2 close, minus 1/2.  We are pricing in a lot of yields, and I think breaks from here on will be harder for the funds to achieve.  Heard multiple reports of Tar spot and aphids hitting corn yields and just lack of moisture producing BBs for beans and lower test corn than expected.  I see no reason for that to improve as we work north so my guess is the high yields are in at the USDA.  Dow bounced back almost exactly Friday's break, 42,606, plus 285 points while bonds slid another 20 tics, 117.21.