Monday

Total risk on day Monday led by the Dow, 29,538, a 737 point bounce.  Bonds rally a point and 29 tics, 128.10.  Fed has recognized that what they do affects the world, and the world needs them to slow down the hikes.  So does the democratic party in front of a rate hike right before the next election.  Beans rally 9 1/4 to 1374, while corm picks up 3 1/4 to 680 3/4.  Wheat gives back 9 1/2 cents of last weeks solid rally, 912.  Rice still liquidating, but big volume capitulation, 1693 1/2, off 23 1/2.  River is low and getting lower, so cost to barge is high and getting higher.  That will have an effect on what the buyers can pay, and the farmer always seems to get the short end of the stick.