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

today's thoughts
General notes to start daily individual updates

Thursday

10/6/2022

 
Export sales Thursday morning pretty decent in beans, less than I would have hoped in the rest, and with Mississippi river force majeure called by one barge company and a real possibility of affecting gulf loading entirely, exports out of the gulf are in real peril for the next several weeks until the basin can get some water.  Meal basis weakens and drops 5 bucks flat price, while beans slip 11 3/4 to 1358.  Wheat off 23 to 879 in the face of Russian uncertainty of the Ukraine corridor, while corn loses 8 1/2 cents, 675 1/2.  If you look at production in fuel terms instead of feed terms, corn throws off nearly 3 gallons of fuel per bu., while beans make a little over a gallon and a half of fuel, and it takes a bunch more fert to make the corn yield.  All the sudden the old ratios for corn beans can get compressed inside of 2 to 1 depending on use.  At 1.9 to 1, corn can stall here and again we get 12.80 beans.  Man, that number keeps coming up.  Don't think we would hold there, but don't see why we won't look there.   Rice off 8 to 1689.  Options open interest in rice is growing at the $17 strike. 

Comments are closed.

    Archives

    July 2025
    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    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.