New year opened Tuesday with some grain selling pressure aided by a little better rainfall in parts of Argentina, but with drier forecasts, wonder if we don't see a Monday/Tuesday type trade. March beans off 31 3/4 to 1492 1/4. Wheat hit for 16 1/2 cents, 775 1/2. Corn down 8 as well, 670 1/2. Rice pushed around but March ultimately settles unchanged, 1839. Dow had a 650 point range to nowhere as the computers stretch their legs in the financials, 33,278, off 7 points. Bonds did get a 28 tic bounce, 126.07.
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