Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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today's thoughts
General notes to start daily individual updates

Friday

8/12/2022

 
WASDE dropped Friday and mostly it was a punt.  I'd say the same for their world numbers.  Market shook off slightly bearish bean numbers with a solid meal bid and beans up 14 3/4 at the end of the day, 1535.  Corn up 10 1/2 as well, 639 3/4.  Wheat off 4 3/4 cents, 806, but that was in the top end of trade.  Decent corn and wheat WASDE report.   Rice looked to have some late fund buying, 1715 1/2, plus 7 1/2.  More people sniffing around for medium grain, and after the report, I expect that to continue.  No real surprises in grain commitments.   Dow rock solid, up 414 to close out the week at 33,718, and bonds up 19 tics in a churn trade, 140.19.  

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