Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Home
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  • About
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  • Contact
  • Links
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    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data

today's thoughts
General notes to start daily individual updates

Friday

5/14/2021

 
Pretty wild ranges Friday to end the week.  Corn trades 31 lower, 643 3/4, with 45 cents of swing.  Wheat quieter but still moves a quarter and closes  5 3/4 higher, 707 1/4.    Meal deliveries into the last day as ADM begrudgingly delivers 232 certs last day.  Not sure how that is going to play out, but now it will be in the cash market behind closed doors.  I'd appreciate a heads up if anyone has any insight there.  Beans flop around in a 35 cent range and wind up 2 1/4 higher, 1586 1/4, again on the back of bean oil, which is setting new contract highs.  Too much bio demand is fun today, but is causing riffs downstream that will have long lasting effects.  Rice off a nickel, 1360 1/2.   Dow ends the week 34,318, plus another 380 points, on the high side of a 540 point range day.   1800 point drop in a few days, 1200 point bounce in a few days.   Just another week of the computers having fun.   Coming soon to a grain market near you.  Actually, just starting in the grain market you depend on.   Bonds up 20 tics, 156.26.

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