Monday

Monday Ag room a bit soft with no reopen in China after all and WASDE on Wednesday with the spec long pretty extended.  The market is definitely not set up for a bearish surprise.  Beans off a dozen by the end of the day, 1450 1/4.  Its still 14.50, and we are now trading SA weather, which appears to be improving, not us production or demand.  Bean oil rally may have run its course.   Corn down 5 1/4 to 675 3/4, and wheat, after churning both sides closes off a couple cents, 845 3/4.  Rice short still coming out, 1779, plus 9 1/2, for the one bright spot in grains.  Dow rocks 410 higher in front of the election, 32,838, and more than 800 points in 2 days.  Bonds off 29 tics, 118.17.