Thursday

Thursday exports ok but no homeruns and corn especially pushed lower.  Got a nice recovery bounce late to close 447 1/2, off 1 3/4.  The friendly side of that is a nickel bounce from lows and 27K of open interest increase, where most certainly the short fund is getting shorter, but didn't get paid for his trouble.  Wheat off another nickel, 529 1/4 and rice hit for 25 cents, 1278 as the funds sell systems were working pretty hard across the grain room.  The exception is beans up 5 3/4 to 1045 on decent exports and an expected comparatively tight ending stocks report on Monday WASDE.  Dow up 254 points, 41,468 but that was well off the highs, and bonds give up 31 tics, 114.13.  UK supposedly has a trade deal, and more announcements expected soon so I doubt anyone wants to be an aggressive short going into the weekend.