Monday

Was hoping for some stability in the financials after Friday weak trade and got it, just barely.  Bonds held the bump and closed 8 tics better, 116.11, but the Dow struggled to hold any recovery, 43,535, only 49 higher by the end of the day.   Grains all soft with wheat off 11 cents, 579 and corn down 8 3/4 to 482 1/2.  Beans lose 10 1/2 to 1029 and rice continues the reset, 1344 1/2, down another 15 1/2.  Grain markets looking for the new base and margin clerks calling longs in March futures putting pressure on liquidation.  Would expect this wave of lows to be set Friday possibly, along with March deliveries.  Spec has to be out of March grains by Thursday close to avoid deliveries.