Monday

Weekend harvest and some moisture showing up in SA put pressure on grains Monday, as corn drops 6 cents to 389 and beans fall 31 3/4 to 1033 3/4.  A bit surprised that beans went below 1040, but nothing violated just yet to me in this move.  I would expect a Monday/Tuesday trade as grain harvested over the weekend has been priced and china sales still need to be moved.  The commercial has to understand that beans going into a bin are harder to get out, and the commercial needs those beans.  Rice broke to support just above 550, and I believe commercial interests are covering needs here.  1230 1/2, minus 16.  Wheat up 1/2 to 594 1/4.  Dow up 280 to 28,798 as hearings to seat a conservative woman to the supreme court begin.  Bonds gain 11 tics, 174.12.