Monday

It's funny how different markets like to interpret news.  Things didn't go crazy in Russia over the weekend so Monday the Dow pops 401 points, 35,554 and bonds leak 14 tics, 121.18.  Financials are ok.  Oh wow, drone strikes, let's juice wheat up 24 1/2 cents to 657 1/2.  See where the same news applies however the system of the day wants?  Beans drop 38 3/4 to 1348 1/4 and we leak more out of the Sept/Nov spread premium.  Corn off a couple, 482 1/4.  Middle of the range liquidation trade.  1592 rice loses 3 after being down 25.  I would expect people to spend the week cleaning up in front of Friday WASDE and harvest.