Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Commentary
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    • Cost Of Carry
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    • A possible momentum trading program
    • data

today's thoughts
General notes to start daily individual updates

Monday

10/23/2023

 
Soft Dow and soft soy lead the story for Monday.  Weak bean oil was part of the drag on beans, 1286 3/4, off 15 1/2.  Options will be the drivers this week for beans and rice.  Rice has a bunch of $16 calls that needed milking and we get a 26 cent pop, 1609 1/2.  the 1640s should cap any games for the week.  Corn off 5 1/4 to 490 1/4 and hunting for a buyer.  Wheat up 1 1/4 to 587 1/4.  Dow hit for another 191 points as any early bids got filled , 33,067.  Bonds put in a new low and bounced viciously, showing the air of thinness in bonds we haven't seen for a very long time.  109.31 close, up a point and 16 tics. 

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