Some big sales in corn gave us a Monday bid even with harvest running full swing, 409 1/2, plus 4 3/4. Wheat tried to follow but just didn't have any gas in the tank, and that gives me pause on getting too bullish this week, 572 1/4, off 1/2. Beans got back a little more than 1/2 of Fridays sell off, 981, up 11. Rice had big spread roll with over 1000 Novembers moved in a day, but not much in flat price, 1509, plus 9. Financials a bit shaky with the Dow off 341 points, 43,177 and more importantly, bonds off a point and 18 tics, 118.22. Seems like big money is quietly walking away from long term Debt. If we follow Japan's debit demise, long bonds could destroy your real purchasing power over time.
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