Monday

Weekend harvest nothing to write home about and its still a bit dry in Brazil, as well as very dry in Australia and Russia/Ukraine.  589 wheat gains 9 1/2 on the day.  Corn up 4 as in tow, 481 1/4.  Beans gain a penny and a half, 1297 3/4 but oil was a dog.  Bean oil getting attractive to me.  Rice up 2 1/2 to 1585 and I keep hearing of cash business so maybe we will get a decent export sales report this week.  Storage is getting to be a problem in the Delta and the river is dragging feet on taking what they have booked, yet alone any new product.  If you don't have your storage ducks in a row now, these next few weeks are going to be bloody.  Bonds lost another 2 points and 2 tics, 114.27 as the (safe) long term debt holders continue to get taken to the woodshed.  Dow struggles but posts a 41 tic gain on a dressed up close, 34,273.