Export sales Thursday morning had Ag talking early, but even with stupid big corn numbers we couldn't follow thru. After a brief look at new highs, we close corn off 2 cents, 550. Wheat was a drag, 637 1/2, minus 10 3/4. Beans managed to close positive by 1 1/4 cents, 1372 1/2 but meal was soft and off a couple bucks at the end. Rice lost 6 1/2 to 1302 1/2 in quiet spread roll trade and not even an option to think about. Grains this dull with the Dow popping another 33 to 30,950, and bonds leaking 12 tics to 167.15. New low in bonds as the big money quietly exits long term debt, Don't worry, the treasury will be left holding the bag one day and it will all come as another "surprise". Sidelines still looking attractive to me. When you have been playing and winning, you never want the coach to pull you, But if you burn out in the first half, you might not be on the field when the big plays happen later in the game.
Comments are closed.
|
Archives
February 2025
|
Services |
Company |
|