Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Commentary
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    • Cost Of Carry
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    • data

today's thoughts
General notes to start daily individual updates

Monday

10/9/2023

 
War in Israel is the lead story for Monday trade but everything is fuzzy.  Dow dipped but closed 201 points higher, 33,801.  Bonds up a point and 18 tics but barely a 112 close.  Grain trade muted with wheat up 4 1/2 to 572 3/4 but corn losing 3 3/4 to 488 1/4 and beans slipping 1 3/4 to 1264 1/4.  Meal had some strength but oil was weak and the bio component of soy oil is fading quickly.  If the crusher cant make 56 cents on the oil and meal stays below 380, its going to be hard to rally beans.  Rice gave back 22 cents of the Friday pop, 1582 1/2.  Rice harvest should be winding down. 

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