Monday

After a weekend of finishing up planting and some replants, the grain room Monday found some mild support in corn, 451 3/4, plus 3 and soybeans, up 9 cents, 1188 1/4.  Wheat off another 20 to 607 1/2 and wheat open interest increasing.  Looks like funds reestablishing their short in wheat and I just don't get that in this global fundamental market, but funds don't often care about fundamental it seems.  Corn and bean bump was with declining OI so tell me the funds ideas on add or subtract position and I can pretty much tell you the next day's action.  Another thin day in rice, 1772, off another 45 and resetting from last Thursday upside one day squeeze.  Pretty tight range in the Dow, 38,929, plus 72 points and bonds slip 20 tics, 116.25.  Would note it cost a few to roll bonds this time so there is a slight bias for a rate reduction before the end of the year.