Monday

Monday WASDE numbers weren't anything to get worked up about, and the numbers came and went, then we went back to paper trading.   Corn looked lower but couldn't find a bear sponsor, so up we go.  Switching to Dec moving forward because that's where most of the action is.  533, plus 16 and a solid close.  September rice up 3 to close 1289 1/2, and there are bids below even with a bearish report.  I would note that medium is getting tighter, and I'd be slow to price any new crop medium.  All the stocks gains were in Long Grain.  September wheat up 25 3/4 to 640 3/4 with far the most friendly of the report numbers.  November beans gained 21 to 1350 1/4 and really was strong throughout the day post report.  Report isn't the issue, its condition.  Dow up another 124 points, 34,875, as the street is accepting lower for longer interest rates and the probably misguided belief that the fed can keep all the pieces running smoothly.  Bonds off 4 tics, 162.16.