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Monday opens with a bid as we book a million tons of corn to China and the Russia/Ukraine issue seems to be getting worse. Corn pops 15 1/2 on the news, 750 1/2. Wheat stronger still after being pushed down too far Friday, 1010 1/4, plus 25 3/4. Beans close 1602 1/4, up 19 1/2, with meal catching a bid and oil strong too. Dow up another 111 at the close with a late rally, 34.829, while bonds slip 30 tics, 148.28.
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May 2023
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