Monday

Monday starts the first full week of trade in the new year with the world drinking the soft-landing Kool-Aid for another day and excess food the world over.  Dow nearly 500 points off the lows even with Boeing issues, 37,933, plus 214.  Wonder what follow thru will ensue.  Bonds up 16 tics in a pretty lame trade for trying to set a base, 122.17.  Corn loses 5 3/4 more, 455 with 20K of new sellers adding to a 200K+ fund short.  1245 1/2 beans are off 10 3/4.  Wheat surprised me off 19 3/4 cents, 596 1/4.  Hoping that was just Monday/Tuesday action.  I'm going to discuss this a bit further in private notes today.   Rice off 13 1/2 cents, 1749 but the 3-way player is back in September, as well as a bid in Feb.