Monday

Monday trade all pre report positioning in front of Tuesday WASDE at 11.  Corn off 1 1/2 to 551  1/2 and wheat gains 1 1/2 to 768.  Rice up 4 1/2 cents, 1359 1/2, and bear seems to be neutered.  Beans off 17 to 1188 1/2 with the whole street expecting a negative report.  Rally went more than I could understand, and drop is pretty much all I could expect, so I cant justify chasing at this point.  Just let the report drop and adjust.  Dow set new highs again and backed off, but still 97 higher close, 36,312.  At some point soon it needs a set back breather.  Bonds give back 19 tics, 162.09.