Monday was first intentions for Dec grain contracts, so in those we will be switching to march. March corn down 9 1/2 to 582 1/4, and surprisingly DEC stayed the firmer market. Spread can only get so tight in December, but the shorts would rather wait it appears. Beans down 11 1/4 to 1241 1/2, right on top of support and shaky, with weak products. Commitments tells an interesting story in soy. March wheat off 18 in step with the Dec and a carry spread as well, 822 1/4 close. Plenty of deliveries there. Rice up 1/2 cent in a churn day, 1429 1/2. Dow had a 500 point range and closed up 219 points, 35,077, to signal Europe that we are OK, but I'm not so sure. Bonds give back 28 tics, 162 even.
Comments are closed.
|
Archives
February 2025
|
Services |
Company |
|