Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
  • Services
  • FAQ
  • Individual advisory service
  • Archives
  • Education
    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data
  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
  • Services
  • FAQ
  • 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

Monday

4/27/2020

 
Funds and commercials each trying to get books balanced by first notice day in the ag markets, or use the margin clerks as leverage.  Rice up 37 1/2 cents, with 325 vs cash, and down to 661 OI in the may. Added to the mix, after all this run, the exchange has raised margins today.  Corn down 10 1/4 to 305 1/2 with more talk of ethanol demand destruction if this shutdown continues, and first notice day ahead pushing out stubborn longs.  Funds appear to be adding to an already big short, but they did the same stupid move last year at this time, to their detriment.  Planting is running a little ahead, and exports are expected to be solid again Thursday.   Beans off 3 1/4 to 829, and wheat presses 5 3/4 lower, 521.  Dow up another 341 to 23,999, and that flies in the face of the grain pressure from an extended shutdown.   I will argue that as States follow Georgia and start to reopen, we will see an increase in ethanol usage starting next week.  With crude and ethanol plants shut in, it would be a great time to stick the consumer with a supply squeeze, real or imagined, or just created.  Bonds off a point and 18 tics in churn, 180.18.

Comments are closed.

    Archives

    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.