Monday trade opened with a weather story heat bid but Faded and really didn't impress me much at all. Soy held the best, 1361 3/4, plus 8 1/2 but off nearly 20 from the early highs. Corn traded 506 but a 482 1/2 close, 10 1/2 lower on the day was ugly. Corn better find a Tuesday bid. Wheat drops 14 to 599 1/4. Rice off 3 cents, 1551 1/2 as options strikes have us bound up and the spread roll continues. Dow had a 400 point up and down range, 34,524 close, off 41 points. Bonds down again 117.28, minus a point and 11 tics. 160s really wasn't that long ago, over $40,000 per bond. That's what duration does to value.
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