Monday

Monday trade mostly position squaring in front of Tuesday WASDE.   Corn up 2 1/2 with 14K of short liquidation in Dec, 533.  Oats up 19 more with relentless margins on the shorts there.  Rice gains 4 1/2 to 1378 and the big boys are on both sides.  Wheat down 2 1/4 in listless trade, 731 3/4.  Beans off 14 3/4 with weak bean oil as a feature, 1228 1/4.  Dow off 250 points in a bigger churn range, 34,376, and bonds off 9 more tics, 157.15.  Bonds need to catch a bid, and soon.