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

Thursday

7/14/2022

 
Thursday trade opens with soft export sales and more talk of wheat corridor shipments out of Ukraine.   Problem with our exports is the strong dollar, and problem with the Ukraine export corridor is this little thing called a war. 795 wheat is off 15 3/4 on the day and below $8.  The global wheat tightness has not been solved, so you have to consider that wheat might be the canary in the coalmine for other grains.  I would argue that wheat  is about the poorest written contract of all the grains, so it has always been the most susceptible to breaks, but we need to keep watch for if this is a contract issue, or just the easy low hanging fruit.  No question that a bunch of fund open interest has left the building, so the real issue is when will they come back.  Corn up a nickel, 605, and July corn went off nearly a buck higher than that.  Aug beans off 13 at 1471 3/4. but July went off 1610.  Another dead day in rice, 1640, minus 2 1/2.  Dow rallies nearly 500 from the lows, 30,604, off 154 points, and bonds slip 25 tics, 139.18.

Comments are closed.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020

    RSS Feed

Services

Company

About


Support

Contact
FAQ
Terms of Use
© COPYRIGHT 2015. ALL RIGHTS RESERVED.