After the last two down hard days in corn, Thursday we just dogged around for a penny loss, 730 1/4. No one wants to push down from here. Computer hoping for another weak long and one hasn't showed up. Wheat bounced 17 cents and was stronger earlier, 1058 1/4. Bean oil lead the way and beans popped for 39 to 1729 1/4, basically resetting to Fridays close. At least the computers made money. Rice off 16 to 1697 1/2 and the seller is hoping that someone gets into stops. Spread roll is going smoothly so far, and at better prices than expected. Open interest isn't dropping as fast as one would think either. Will repeat, watch the spread and open interest to see if we have a new player. I don't really expect one, but neither does anyone else. Dow had a big churn range and a strong close, 33,223, plus 425 points, while the bonds didn't do much of anything, 139 24, up 4 tics.
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