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

today's thoughts
General notes to start daily individual updates

Friday

9/11/2020

 
Strong Export sales opened Friday with a solid floor in corn and beans, the WASDE report really gave the bulls nothing to build on, but they bought anyway.  Market disagrees with the governments expectations for yields and exports, and showed it in a big way as the funds painted the weekly close.  Corn up 3 1/2 to 368 1/2.  Meal rocks for $7 and beans up 18 1/2 to 996, pushing against $10.   Nothing in the WASDE or global numbers justify buying from this point in price and time.  Commitments of traders has the funds long 174K of beans before the report buying, long a slug of oil and 32K of meal,  and 34K of corn as well.   Those protein bulls have gotten so large they will need fed every day this week.  Wheat weaker by 6 1/4 cents, 542, and rice bearish report helps push long grain down 36 1/2 to 1211 1/2.  Cash is currently bid stronger than futures, so it will be interesting to see if the rice bull appears to defend Monday.   Dow churned near 400 points on Friday but closed a relatively calm 67 higher, 27,612.  Bonds up 11 tics, 176.19. 

Comments are closed.

    Archives

    July 2025
    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    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.