Churn goes on in the financials, Dow closing of 19 points, 23,337, but close is really just a number right now. Bonds up 14 tics, 181.13 and again, in the noise range. China Ag demands stories playing against sell pressure from options expiration and first notice, kind of messing with the quants by my guess. Corn churns but off 1 3/4 to 319 1/4. Wheat up 4 cents, 547. Weakest structural contract on the exchange just wont roll over. Beans up 4 1/2 to 839 1/4 with no help from meal. May rice closes up 85 cents, limit, on another day of short squeeze. 1667 1/2. USDA had rice carryover at a stupid high number not that many months ago. How many beans do you have in your bin? USDA says you have tons. Just like rice, not that many months ago.
Comments are closed.