CBOT futures are moving in opposite directions. Soybean futures rallied overnight on disappointing rains in key areas of Argentina. The strength of the soybean complex apparently lifted corn and wheat futures until the pit opened at 930 am CT. Since the pit opening, corn and wheat futures have sold off sharply. One might credit continued liquidation of corn positions by the large speculators and the anticipation of much-needed rain/snow in the central Plains states.

Livestock futures are trading lower and are well off the opening prices. General demand concerns are weighing on the market.

Corn Mar -6 693; Jly -7 678.5; Dec -6 557

Bean Mar +29 1453; Jly +26 1430; Nov +6 1268   Meal Mar +10.5 420; Oct +2 349   Oil +50 5212

Wheat Mar -12 730; Jly -12.5 738.5   KC -12 765; MGE -11 812

LC Feb -40 12610; Apr -80 12965; Oct -27 13027 FC Mar -17 14320; Apr -35 14627; Aug -45 15645 LH Apr -105 8320; Jun -80 9215; Oct -95 8230 Milk Feb +5 1728; Mar -3 1727

Oats -3 376 Rice -6 1577

US$ -.1% Dow +.3% SP +.4% NAS +.3% Tran +.4% VIX +2.4% 12.76

WTI -.2% Brent -.6% Gas -.8%  (gas went up 30 cents in Louisville this morning $3.89) NG +3.1% HO -1.3% Eth +.1%

Gold -.3% Slvr -1.4%

5-yr +.002 0.871% 10yr +.005 2.007% 30yr +.013 3.175%