Monday

Can't talk about Monday trade without starting with the violence in the Dow.   We traded to a low of 33,031 and then bounced 1200 points to 34,253, up 96 points on the day.  Computers did a wonderful job of flushing out every weak player they could find, so without a global issue out of China or Russia, that will be the perceived floor.  Bonds close off a tic, 155.29.  Wheat up 20 1/2 to 800 1/2 with talk of Russia/Ukraine the feature, and short funds buying their way out.  Corn plus 4 3/4 to 621, and rice picks up another 13 to 1498.  So much for the world of cash for sale at 675.  Beans off 11 1/4 to 1403 and I would say some of the funds needed to lighten the load.