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After a long holiday weekend, we came into a financial storm Monday with Powell and Trump not playing nice. Thats all the fuel the computers needed to work the financial markets back toward the lower part of their established churn range. Don't overthink or get caught up in the noise. Dow off 1001 points, 38,328 and bonds off a point and 17 tics, 113.01. We are still above the lows they set on the first flush down and as much as the powers that are being displaced don't like it, the powers doing the displacing don't mind. Notice how much profit the big trading houses are making on this noise. Wheat led the grain room lower, 538 1/2, minus 10 1/4. Beans off 7 cents, 1029 1/2 and corn strength of the day finally caved, 1/2 lower at the close, 481 3/4. Rice up another 7 1/2 to 1354 1/2 with the short fund again mostly rolling but some short cover.
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