Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
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  • 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

10/13/2022

 
Thursday trade led by comments out of Putin that they didn't plan to do anymore mass shelling in Ukraine, and some perceived that as an opening to talks.  Dow rocketed 830 higher, 30,091.  Really just back to prices from last Wednesday.   Bonds were down hard but bounced to only 19 tics lower, 124.18.   Concerns about the extension of the shipping corridor lifted wheat a dime, 892 1/4, and corn up 4 3/4 to 697 3/4.   Beans traded both sides and a solid export flash to china brought us  to a 1/4 lower close, 1395 3/4.  Still looking at a weekend of harvest pressure ahead.   Rice off a nickel, 1676, and some concerns about exports, especially to Mexico and business being lost to Brazil in the mix.  Dollar strength not helping there either. 

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