Day before Christmas and Santa tries to bring us all good cheer. Dow up 75 points, 30,109, while the bonds gain 22 tics, 172.24. Rice buyer wasn't under the Jan futures and we dipped 11 cents, 1228. Rice roll is running smoothly and some of the longs just gave up based on OI. Open interest dropped in most everything as people pare positions going into the new year. Wheat slips 2 3/4 but a solid week, 627. Beans up another 4 3/4 to 1263 1/2, and that is with weak meal and a pretty big drop in total OI as we approach Jan deliveries, or what little of deliveries we might see. Corn up 3 3/4 to 451 and we still are reasonably priced on the world stage. Short trading week again next week.
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