Pretty ugly grain day Monday vs what I think most expected. Beans got whacked for 25 1/2 to 1384 3/4, and that was with an increase in OI, some supposed new fund reposition buying, and Argy weather expected to hit near 110 before the rains come this weekend. The whole bean complex gained open interest. Corn off 7 to 599 3/4, and wheat got a tiny bounce to 762. Rice bear looked to be willing to try to push again, 1458, minus 18 1/2. To be fair to the grain room, the Dow looked like it was going to fall into the abyss, closing down 155 but that was with more than 400 points of bounce, 35,952. Bonds gained 7 tics, 155.11. Not a good time to be trying to catch a knife anywhere to me.
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