New month of trading action started Monday with global wheat stories and wheat leading the Ag floor25 3/4 higher, 729 1/2. That strength kept corn in tow as we adjust feed rations from last years excess wheat stocks back to more corn usage and corn gained back yesterdays 11 cent break and more, 559 1/4, plus 14. Beans struggled to stay positive, as bean oil was weaker and weaker spreads in oil as well, but meal held the lows and gained 5 bucks, back to feed needs. Beans closed out 4 1/4 higher, 1353 1/2. Rice bear pushed and we dropped 18 1/2 to 1349 1/2 and looking to see what support $6 might bring. Dow off another 111 to 34,721, but still just churn noise although bonds popped another point and 9 tics to 166 even.
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