Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
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  • Individual advisory service
  • Archives
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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

8/26/2022

 
Friday- Sept options expiration made for some choppy trade and a push to the upside.  Corn looked up 670 but settled 668 3/4, up 11 1/4.  Wheat gained 15 to 784 3/4.  Beans up a whopping 52 3/4 to 1605 1/4, allowing (or creating depending on how you look at it) some interesting new long positions in September with only a couple days to notice.  Nov beans gained 30 to fix Thursday 25 cent drop and meal was strong.   Rice up 15 1/2 cents, 1731 1/2.  Looks like the Sept spread has played out to the downside.   Powell was hawkish and gave the financial bulls nothing to cling to, and the Dow took a hit, getting worse into the late trade and off 1010 points at the end.  That kind of a close will put the world on notice and should make for some lively debate over the weekend, and some frayed nerves by Monday morning.   Bonds off 4 tics, 137.22.  Next question: what happens first, does the globe run out of food, or money to buy it?

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