Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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    • CASE 1845 C
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today's thoughts

Monday

12/7/2020

 
Really weird trade Monday to read.    Early bean seller not there long and market shows strength thru most of the day.  Its a given that the seller would show late, and buyers let them push.  Savvy commercial move if it was, but a change in the way they have played the game if so.  Its almost bait for the funds to press Tuesday down, like a bear trap.  Don't want to read too much into one day, but just maybe we have seen a change in the level of play.  1158 1/2, off 4 1/2 and a dime off the high of the day.  Wheat finds a small footing and gains a couple to 577 1/2.  Corn up 3 1/2 to 424.  Rice bear met by solid buying early and we close up 8 1/2 cents, 1231.  Rice had sellers posted above, so we might be getting boxed in.   Dow churn worked from the short side all day, closing off 141 points, 30,057. We couldn't hold 30K except they juiced the market in the last 10 minutes.  Prints a prettier picture in time, but that time will already be expired when you read this.  Bonds up 28 tics, 172.17.

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