Quiet trade Friday and no use making something out of nothing. Corn set back 1 3/4 to 326 1/4 on mild weather talk and some fund selling I would suspect. Beans off a couple to 898 3/4, with a firm meal market helping to give a floor to trade. Rice off 3 to 1180 1/2 in a snoozer. Wheat up a dime as computers churn their favorite churn grain. 539 1/2. Does keep you on notice that when the most bearish contract spec out there keeps finding bids and a lack of pricing that there is something going on. With all these grains, I will say again, don't trade your back yard. Our US carryover is a drop in the bucket of China demand, if they want or need to stretch their wings. Dow off 221 points, 26,322, and bonds unchanged, 181.03.
Comments are closed.
|
Archives
April 2025
|
Services |
Company |
|