Monday

Interesting day Monday with financials showing some cracks as the Dow needs a bounce to close 38,466, off 299 points.  We came close to ugly.  Bonds off a point and 25 tics for a second ugly day of trade there, 120.04.  Four full points in two days.  Years ago, I think that would have been two limits.   I would expect the money boys to put up some kind of buying front pretty soon or else.   Beans and the soy complex showed resilience as the day wore on, 1196 1/4, plus 7 3/4.  Range was 19 cents again.  Corn closed unchanged, 442 3/4.  A little head fake in either direction but looks like the computer couldn't get anyone to follow the lead.  Mexico bought some more corn on a flash.   Wheat off 9 1/2 to 590 1/4 as we give up the buck there.  1831 rice was off 12 1/2 and really nothing trade but 500 vs cash so we are still at prices where the commercials can do business, at least for now.