Monday trade firm in the Dow with no weekend escalations, 30,230, plus 522, but really just oversold for now and directional moves need fuel to keep moving. Bonds off 11 tics, 123.12. Good harvest weekend but some really cold areas have some wondering if there was late damage. Wheat stalled at 861, up 1 1/4. Beans held and closed 1385 1/4, up 1 1/2. Corn slipped 6 1/4 to 683 1/2 and some worries about river freight making export sales difficult to fulfill and possible demand destruction in the ethanol side. Rice off another 6 1/2 to 1667 with increasing open interest, so the funds are probably increasing their short to a commercial increasing his long.
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