muddy Monday

Monday trade has the corona virus front and center again, with the Dow down 1912 points, 23,877.  This falls within expectations of support from the monthly charts, with a big hole underneath if this area fails.  Bonds up another 5 full points, 29 tics to 185.19.  That is 6 points off the highs and the biggest range I can recall.  Wheat the bright grain spot up 3 cents, 518 3/4.  Corn off 3 1/2 to 372 3/4.  Beans take the brunt of the hit off 21 1/4 to 870 and probably a great long term buy.  Rice off 17 to 1274 with a fair amount of scale down buying.   In Ag, china food inflation was reported at up 22% year on year Feb. numbers.  I went to Costco last night to see if they were still selling 31 and 33 cent rice in bulk.  Other than some strange Indian type, they weren't selling any.  Store was picked clean of bulk rice.  Store seemed full of other options and the rice slot was full of flour and sugar.  Hoarding run then demand destruction by lack of supply maybe?