Monday

Another nothing weekend gives the financials room to breathe Monday with the Dow up 85 points, 34,763 and bonds gaining 4 tics, 126.18.  Russia is shutting off the corridor, but we got a buy the rumor sell the fact trade with Sept corn slipping 7 1/4 cents, 499 1/4 and wheat off 7 3/4 to 653 3/4.  Both just taking a breather after the recovery from WASDE drop on the 12th.  Beans up 7 1/2 to 1407 1/4 but on the back of strong meal.  Computer went after some of the trend following funds in rice and pushed us down to 15 bucks but a solid bounce back to 1536 1/2 at the close, off 12.