Monday

Monday trade just a stable balance after a strong financial run last week and nothing over the top thru the weekend battles in Israel or Ukraine.  Dow in a tight range trade, 34,164, plus 27 points.  Bonds gave back Friday rally, 112.15, off a point and 6 tics.  Corn looked a bit firm but faded back to unchanged, 477 1/4.  Wheat looked a bit weak but found footing and rallied 3 1/4 higher, 575 3/4.  I believe we are firming black sea prices and that could firm our wheat as well.  Bean oil held the lamp Monday for the 12 1/4 cent soy rally, 1364.  Rice gives back a nickel, 1580 1/2.  We are seeing the start of December positions roll, some evening up in front of WASDE on the 9th, and some setting up for or getting out of the way of the pending silly season.