Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
  • Services
  • FAQ
  • Individual advisory service
  • Archives
  • Education
    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data
  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
  • Services
  • FAQ
  • Individual advisory service
  • Archives
  • Education
    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data

today's thoughts
General notes to start daily individual updates

Friday

3/20/2020

 
Friday trade all revolved around what you were exposed to.  Dow tried to rally, but weekend shutdown fears allowed for a 835 point futures break, 19,040.  Several of the big historical bear markets were in the 45% area lower, give or take, so I could see my 15-16,000 number achieved next week potentially.   I honestly never thought that much of a pullback was possible, and now I wonder if that will stop it.  America has never been shut down like this, coast to coast.  We are in uncharted waters, and its better to have dry powder wherever possible.  Fear always presents opportunity.  You can bet Buffet is working overtime this weekend deciding which inept CEO to fleece for terms the public could never imagine.  Bonds up 3 points 11 tics to 175.31.  In Ag, wheat held Thursdays rally and added 4 1/4 more, 539 1/4.  Corn gave back only 1 3/4 to 343 3/4.   Meal up another 10 bucks, dragging beans up another 19 1/4 to 862 1/2.  For beans and corn, price from here is port dependent.  Argy and Brazil are having port troubles, opening the door to more global exports out of the PNW and gulf, but we have to be able to execute.  As long as we can load vessels, I expect a fair amount of business.  Just as people hoard when food supply concerns arise, so will countries and foreign governments.  And we don't have the excess that the USDA currently has on their balance sheets.  Rice took a 63 1/2 cent dive as the early week buy specs got hammered to end the week.  1328 1/2, about where the commercial is still willing to bid.  How would you like to have to explain to your boss how you burned 1.5-2 million on a spec trade in an ill-liquid market in 2-3 days?  Bet that guy isn't coming back anytime soon. 

Comments are closed.

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020

    RSS Feed

Services

Company

About


Support

Contact
FAQ
Terms of Use
© COPYRIGHT 2015. ALL RIGHTS RESERVED.