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

Friday

9/17/2021

 
Friday opened a little soft and just couldn't get anything going in front of a harvest weekend.  Corn off 2 1/4 in a pretty dull trade, 527 1/4.  Beans gave up 12 cents, 1284.  No real buyers in meal or oil.  Wheat off 4 1/4 to 708 3/4, after putting up a 716 high.  Surprised just how much wheat has struggled to get any real rally going with issues around the world.  I guess the bottom line is poor people eat wheat.  Poor people cant afford high prices.  Rice goes out on its highs, 1378, plus 9 1/2, but up against resistance.  Milling yields are spotty, but field yields are pretty solid so far, and that is getting some pricing.  Dow off 164 in a Friday churn trade, 34,462.  Normally I think they want to paint Friday a little better, but no one cared to sponsor the run this time.  Bonds off 26 tics, 162.19.  Combines will run thru the weekend so we will get our first taste of what the center of America has as far as yield Sunday night. 

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