Monday

Equity bloody nose Leads the softness across the whole investment spectrum Monday.  Dow off 725 points, 33,839 and bonds up 2 full points and 11 tics to 166.05.  Cheap money and big printing will have to lead to inflation, but not on Monday.  Beans off 19 cents, 1372 3/4 with oil soft.  Rice down 19 as well, 1304, but no volume and the seller got some courage to push.  In rice 51 more vs. cash and receipts getting cancelled, and total open interest under 7K.  Old saying, never sell a dull one.  Wheat has real problems, especially in this hemisphere, and 5 1/4 higher close even with all the outside pressures, 697 3/4.   That helped keep a bid in corn, 552 1/4, plus a quarter cent.