Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
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  • Individual advisory service
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    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data

today's thoughts
General notes to start daily individual updates

Thursday

1/5/2023

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Thursday trade a down but stabilizing day.  Corn looked lower but only a penny down at the close, 652 3/4.  Wheat gained 1 1/4 to 746 3/4 on a dime bounce off the lows.  Beans down 12 3/4 to 1470 3/4, but meal stayed firm.  Still don't trust beans.  Rice off 12 1/2 to 1764 1/2 but again a solid bounce off 1728 lows.  Open interest didn't show any new shorts for the rice break so all we have really done is transfer longs from weak hands at a high price to strong hands at a much lower price.  Dow lost 346 points, 33,070 and bonds picked up a tic, 127.17.  Just noise for the churn machines.  If you are bored, look up what citadel made last year running the suckers game.  Why work for a living when all you have to do is run a different form of lottery but there is nearly no big payouts.  Circus like meme stocks only exist to bring in a new wave of rubes. 
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