Monday

Monday trade supported by a strong Dow, 26,796, plus 402, and wheat up 9 to 607 1/2, stopping the downward move it has been in.  Corn off a penny after a strong harvest weekend which isn't a bad showing to me at all, 397 1/2.  Switching to Jan in beans and rice, beans slip 4 to 1052 1/4, and rice off 7 cents, 1229 1/2.  Beans got some #1 deliveries out of Morris to go with the Chicago early deliveries, lending me to believe its more about placing the barges promptly than anything else.  I bet we have cancellations by the weekend.   No new rice receipts as most of the remaining OI in Nov paid up in the spread.  Long picked up 40-50 cents from carry in a November squeeze.  You wont see that in very many years.Bonds struggle to gain 9 tics, 172.24.