Monday

Strong grain room trade Monday on a shrinking bean crop with some more heat next week and not a lot of rain in the finishing forecast.  Beans gain 18 to 1405 3/4.  Corn up 8 1/4 cents, 496 1/4 as well.  Corn was clearly short covering to me and soy is adding to a long.  Wheat with its variable rate storage penalty still a drag, 588, off 5 1/4.  Maybe its time to reevaluate what can be delivered in wheat instead of how much can we charge.  When a crop doesn't clear, something isn't right.  Dow up 217 points, 34,594 to recover last weeks churn and bonds pick up 6 tics, 119.30.