Monday

Monday started off with a solid overnight trade in the beans, but no follow thru and a brief look below $13.  We close 20 lower, 1303 1/4, and Sept collapsed for 54 cents.  No deliveries, so should see at least a little bounce tomorrow.   Corn off 11 to 542 3/4 and Sept broke to carries there too, but again no deliveries so we could get some recovery Tuesday.  Wheat closed 708 3/4, off 9 3/4 and deliveries to nearly current in CBOT and KC.  Most bullish world grain and someone delivers 1000?  Spot rice off 7 cents, 1316 as the spread widens to carry and one bankster delivers to another, with almost 100 percent of open interest delivered, including 22 new receipts from Southern.   You can put September rice to bed unless one of the elevators needs to raise money at full carry.  Dow off 51 in a dead back and fill day, 35,352, and bonds gain 17 tics to get back over 165 by a tic, 165.01.