Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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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

2/13/2023

 
Nothing terrible over the weekend allowed Monday to have a risk on appetite.  Corn up 4 1/2 to 685 with another 22k of open interest increase.  When USDA does finally print commitments it could be a shocker.  Beans up only 1/4 cent at the end of a back and forth trade, 1542 3/4.  That's with dry SA weather and strong meal.  Wheat gains 6 on talk that Russia doesn't want to extend the shipping corridor deadline.  Noise.  Rice drops 17 1/2 to 1791 as the sell system probes the lower side of this market and surely wants to check for bids at $8.  Dow gets a 373 point dress-up to the tops of recent ranges, 34,268 while bonds bounce 14 tics, 127.12. 

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