Monday

Fund re-balance Monday moved everything around a bit.  Corn slips 4 to 589 1/4.  They are already long a ton of corn.  Wheat off 12 3/4 more to 758.  Rice bull didn't defend and a selling system pushed us 22 lower, 1463 1/2.  Not a bad price if nitrogen wasn't so high, but it is.  Beans popped 16 1/4 to 1355 1/2 with meal looking up new highs, $12 higher itself.  Dow got juiced for 229 points to close 36,455, but bonds dropped 2 full points and 17 tics to 157.29, an ominous way to start the year in the interest rate game.  This will be a bumpy year.