Monday

Rocking rally in the grain room Monday with weather and the Ukraine/Russia corridor both adding fuel to a computer driven fire.  Wheat locks limit up 60 cents, 757 1/2.  Corn in tow, 560 1/2, plus 33 1/2.  Beans pop for 24 1/4 to the good side, 1453 1/4.  Rice bull adding to longs as India export restrictions get more widely known, 1619 1/2, up 29 1/2.  I would argue there is some hurricane premium in the rice price as well.  Dow up 183 points, 35,581 and bonds slip 7 tics, 126.05.  FED most likely will raise a quarter point tomorrow and then in August Powell will jawbone the markets without pulling any levers.