Dow closes off 543 Monday, but well off lows, 18,497. Bonds up 3 points 22 tics, 179.21 as the financial markets push all their debt to the fed and it swallows it up. Stability all the same. Wheat rocks 23 1/4 higher to 562 1/2 with spot demand leading the way. Corn off 1/4 to 343 1/2 as the pressure of fuel demand loss outweighs any export demand for now. Rice off a nickel, 1323 1/2 with the fund liquidation stalling here at cash bid prices. Beans rock 23 1/4 higher, 562 1/2 with demand to replace SA production that just wont ship. Again the world is getting the lesson that you cant have just in time supply chains from socialist countries. Meal up another 8 dollars and hard to get an offer out of who should be the big supplier right now Argentina.
Comments are closed.