Monday

Monday trade just evening up in front of the Tuesday WASDE report at 11.   OI down in every grain as some of that spec long profit is put in the bank.  Corn soft all day and closes 4 lower, 492 1/4.   Wheat down the same 4 cents, 634 3/4.  Beans off 2 1/4 to 1372 1/2 with meal $7 stronger.  Surprised at the meal strength to be honest, but you better respect it.  Rice off 8 to 1258 with 20 deliveries.  New Harrisburg receipts registered.  Dow closes off 91 points, 30,902 but 250 off the lows as again some system chooses to buy the market late to put on the prettiest dress up possible.  Radar up.  Bonds off another 13 tics to close 168.11, after setting another contract low, by the smallest margin.  Death by 1000 cuts I guess.  Would expect some form of a pop in the bonds at some point, as the bottom side so far hasn't been able to attract a new push.  Hopefully there is enough of a pop to justify a sell if you need to protect some of these rates.