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

today's thoughts

Monday

7/6/2020

 
Quiet holiday allows for some decent Ag gains Monday.  Corn up 3 to 346 1/2 as test of 350 couldn't hold.  Beans up 9 and knocking on the buck, 899.  Wheat even closed 1 1/4 higher, 493 1/4.  Rice off 11 as the bull took a day off from defending, 1220.  We have another WASDE report on Friday, and I expect it not to be as bullish as some think.  I expect a bearish rice number to print.   Dow up 420 to test the top of the recent range, 26,179, but bonds only off 10 tics, 177.31.

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