Monday brought the first round of middle America harvest pressure to the markets, and pressure was magnified by financial unrest in China. A major developer teetering on insolvency, and China holidays moving ahead most likely going to reduce new purchases for the week. Beans took the biggest hit, 1262 1/2, minus 21 1/2. Wheat was off 8 cents, 700 3/4. Corn lost 5 1/2 to 521 3/4, and rice dropped 5 1/2 to 1372 1/2. Rice had a 20 cent bounce from the lows. Dow was ugly all day and was dressed up 350 points late to still close off 623 points, 33,839. Bonds up a point and 9 tics, 163.28.
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