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

4/22/2021

 
Herd mentality took over in the Ag room as corn explodes limit up 650 1/2.  There wasn't much of an over bid though.  Wheat briefly traded limit but closed 37 higher, 710 1/4.  Beans were good for 36 cents, 1533 1/4, with oil near limit up and meal up $10.  Rice sellers disappeared and the long had his way there as well for 49 1/2 cents, 1336.  We just put a lot of out of the money calls into the money and tomorrow is the day of reckoning for a bunch of newly minted positions.  Dow took away all Wednesday gains in a churn trade that has the ranges starting to open up. 33,709.   Time to be more cautious in the financials.  Bonds up 10 tics, 158.14.

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