Monday

Monday trade lackluster with WASDE coming Tuesday.   Corn still holding recent gains, 441 3/4, plus 1 3/4.  Wheat up 1 1/2 to 558 3/4 as well with Russian wheat supposedly firming, finally.  We need to start shipping more wheat.  Beans peeked at 10 bucks again but couldn't hold, 990 close, off 3 3/4, still stuck in the range.  Rice just unwinding positions and spread roll, 1511, plus 2 1/2.  I expect mostly punts for WASDE with the exception of corn, where they should increase exports and fuel grind, dropping ending stocks, and we have to increase bean oil exports, although I don't think most will notice or care.  If we are lucky on that front, it could put a bid into beans though.  All these crushing plants need to run, and I would expect even at the sacrifice of margin as long as beans are accessible.