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.
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