Strong day Friday with talk of china reopening driving stocks and beans. The whole soy complex was firm with soy up 25 1/4 on the close. Corn could only muster a 1 3/4 cent gain, 681. Talk that Brazil has booked year end cargoes to China and stealing our business with the trade. Wheat up 7 1/4 to 847 1/4, but its still under 850 and its wheat, so? Rice up 11 1/2 to 1769 as the short buys his way out of a stupid selling position, and it appears he still has a ways to go. Dow up 411 points, 32,428, and bonds off 28 tics, 119.14.
Comments are closed.
|
Archives
March 2023
|
Services |
Company |
|