Monday

Bulls got a bounce Monday in the grain room with some dryness in the extended forecast and planting nearing completion in lots of growing areas.  Far north is still behind.  Options action is starting to rotate from a put bias to a summer call bias.  Beans up 34, holding and adding to early gains. 1341 1/4.   Corn good for 16 1/2 to the upside, 571.  Wheat stumbled but still managed to close 1 1/4 better, 606 1/4.  Rice bear keeping pressure on weak longs, 1683 1/2, off another 23 cents.  Been a bloody run for the bulls.  Dow off 136 in a really dull consolidation type trade, 33,360 while bonds leak 12 tics, 126.25.