Monday

We light up the new week Monday with a Trump announcement of a 17-billion-dollar grain purchase agreement from China being Ironed out.  All Friday losses erased across the grain room and some feel corn would be the biggest winner, 477, plus 21 1/4 and near the day's highs on the close.  Wheat recovered 28 3/4 cents, 664 1/2 and beans popped 36 to 1213.  Not much action in the meal and oil was up, but the crush gave up some of its profits.  After a slower start the buy side found rice and we closed up 24 1/2 cents, 1281 1/2. Rice seems set to a more 2-sided trade, but the river loading can change all that in a hurry.   It's one thing to sell out longs, it's another to add new shorts on this small of planted acres.  Dow tried to continue the downside early but no takers and we got back to 49,768, up 151 points on what turned out to be just another churn day.  Bonds off 8 tics, 110.12.  So far, we are looking at new lows in the bonds, and no one seems interested in testing the waters down here, so there is room for about a 2-point recovery, and for our economy's sake it can't come soon enough.