Monday

Monday trade lead early by export sales reports in corn and beans and a stronger Dow, but we really just couldn't get anything going.  Corn faded to 608 1/2 at the end of the day, off 1 3/4.  A big 27K drop in open interest was the culprit.  More players leaving the dance.  At these prices, we are not trading anything other than money flow and news of the day.  Beans managed to stay positive, 1464, plus 3/4, and wheat gained 4 cents, 779 3/4.  Rice sell stop early pushed us down near the buck but we rallied thru the day to 1719 1/2, off 14 1/2.  Dow couldn't hold the buyers captive and we settled into a churn down day, 32,792, still up 35, while bonds gained back a point and 11 tics to 142.18.