After a pretty solid close Friday we opened strong Monday in Corn and beans, but faded. Corn closed 547, up a penny and 1/2 but 9 off the high. Beans up 3 3//4 to 1433 3/4 but well off the 1460 high. Meal still a comparative dog and off almost 2 bucks at the end of the day. Wheat working back and forth on the 50 day to keep suckers buying highs ad selling lows, 646 1/2, down 6 1/2. Rice up 2 1/2 cents, 1325. Dow looked up new highs and cut the rally in half, but still 311 points higher, 31,776. Switching to June bonds where the volume is, off 15 tics, 156.24. WASDE Tuesday at 11.
Comments are closed.