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
  • 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

6/18/2021

 
Friday came out of the box bid, and anyone who sold late Thursday never stood a chance.  These systems don't want this game over yet, they make their money on the churn.   Meal and oil bid but not silly, beans were just overdone Thursday and we rallied 66 1/4 to 1396.  Talk of more China buying in the break for new crop.  Rice bear finally got caught and the bull painted the close up on him as well.  I would expect the bear to make one last bet to the down side, but he is going to need something from the outside to keep him from writing a check.  1261, plus 38.  Corn up 22 1/4 to 655 1/4 and new crop was 33 higher.  Wheat gained 23 3/4 to 662 3/4 on a solid wheat day and some bullish spring wheat talk out there on acres.  Dow off over 1000 on the week and 538 on the day, 33,155.  Bonds gain another point and 7 tics, 160.30.   Sunday night should confirm or deny this financial move, and I would not fade Sundays action thru next week. 

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