Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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    • Cost Of Carry
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    • A possible momentum trading program
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today's thoughts
General notes to start daily individual updates

Thursday

5/27/2021

 
Nothing shocking or bearish in Thursday export sales, with the 5.7mil corn new crop sales posted as expected and big corn shipments, again as expected.  Corn brushes off the early week weakness and blows up 40 cents, limit up 664 1/2.  No real synthetic overs though and that should catch your eye.  Wheat along for the ride, 676 1/4, plus 27 3/4. and beans pop 33 1/2 to 1537.  Another quiet day in rice as we chew up the rest of old crop, 1323 1/2, plus 4 1/2. I would like to bring to your attention that even in these violent moves, open interest did not really spike.   Dow opening up a 400 point range and closes 157 higher, 34,437. bonds fade 24 tics to 157.25.

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