Great export sales in corn and beans set the table for the funds to continue their buying ways Thursday. Corn up another 3 1/2 to 375 1/4 and eyeing the $4 call block. Beans rip another 17 1/4 gain on the day, 1028 1/2. Meal pops $9. Wheat follows along to 556 1/4, plus 14 1/4. Rice back above 550 a Bu, 1225, up 9. Dow looked like it could get ugly for a bit, but held up reasonably well for the action, 27,819, minus 118. Bonds added 8 tics, 176.15. Every dry day that goes by allows another combine to work its way north. Funds are now long over 1/4 of the US bean production.
Comments are closed.
|
Archives
November 2023
|
Services |
Company |
|