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
General notes to start daily individual updates

Monday

5/11/2020

 
Quiet weekend so no fireworks in Monday trade as positions are evened up in front of Tuesday WASDE.  Corn off 3/4 to 318 1/2.  Rice gains 7 cents, 1540 as May is about over.  Beans up 4 1/2 to 855, but meal rally couldn't hold.  Wheat off 4 3/4 to 517 1/4.  Plenty of wheat bulls still out there but I am reminded that there is wheat being harvested somewhere in the world every 90 days and there is plenty of bread on the shelves.  Wheat is not a friendly written contract for the bulls either.  Dow off 162 points, 24,124, and bonds drop a point and 6 tics, 178.16.

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