Monday

Rocking day Monday as lots of trade will have to move to the US from black sea.  May futures in the Ag room from here on, with corn limit bid, 690 3/4.  Wheat 74 1/4 better, 934.  Beans pick up 52 1/4 to 1636 3/4 with oils 350 better and meal up only a few bucks.  Rice gains 27 with deliveries to current, 1568 1/2 and the cash boys not at all happy that may futures are above $7.  Dow off all day and a solid bounce to get to 154 lower, 33,840.  Bonds flight to quality trade, 154 19, plus two points, 11 tics.  As people wrap their heads around a global realignment of trade, no one knows what the new cost of food will be, other than higher.