Tuesday

Tuesday brings a new month of trade and interesting financial room action.  New money in the Dow only gets a 62-point bounce, 35,757 but bonds roll down to 122.31, off a point and 15 tics.  Bonds better hold here real soon or we are looking at the money boys accepting higher rates, higher inflation, and more volatility moving forward.   Maybe stagflation?  Rice got a 37 1/2 cent bounce to 1584 1/2 but no gain in open interest so probably the computer herding suckers more than India news.   Corn off another 7 to 497 and Wheat hit for 13 1/2 more, 652 1/2.  What Russia corridor issues?  At some point you have to look at the falling knife and think you might just be able to pull off the catch.  Beans were overdone and rallied back 16 1/4 cents, 1386 3/4.  I think grains in general have got back down to prices where business can happen again.  Never know how far Hal 9000 the computer will push though.