After an ugly Friday trade, Monday put up some solid numbers in the grain room. Just another example of computers needing churn to make their profits. Corn briefly limit up and closes 39 higher, 675 1/2. Dec was up 28 as well. Cash corn is still in demand. Wheat up 9 to 646 and the weather stories for wheat broadly aren't bearish to me. Beans pop for 27 1/4 to 1357 and Nov even stronger. Bean oil getting its mojo back. Rice just stalled as usual after the run-up, 1315 1/2, plus 1/2. Dow had a back and fill Monday, 34,164, off 169. Bonds rally a point and 10 tics to 160.02. Seems like some fear is trumping inflation in that market.
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