After the weekend of Russia news but a chance of cease fire, people wanted to take some risk off the table Monday. Corn down 14 1/4 to 748 1/4. Wheat off 10 1/4 to 1096 1/4. Beans close 1670 1/2, off 5 1/2. Grain markets are tired here and looking for some new news to push higher. Rice did pop 24 1/2 to 1610 but I think domestic demand is there to justify it. June financials, with Dow up 25 points, 32,838, but that was 450 off the highs, so not as benign as it looks, and bonds get walloped for 2 points 18 tics to the downside, 152.16. Federal Reserve is going to raise rates in the face of global turmoil this month. What happens when you let academics run real world operations..
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