Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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today's thoughts
General notes to start daily individual updates

Tuesday trade

1/22/2020

 
Computers sense some weakness in beans and push to 916, lower by 13 3/4, but meal only off a little over a buck, so the signal is the computers are churning.  In fact, I would say the computer churn programs are running in most of the markets right now.  No big moves on the week, just scare the weak longs or shorts out.  Bonds recover all Fridays break to 158.19, plus a point and 10 tics.   Churn.  Corn breaks 12 Thursday and rallies 13 3/4 on Friday.  Churn. Tuesday corn closes 387 1/2, off 1/3/4 and exactly last Wednesdays close.  Churn.  Rice bull lets the market break a dime to 1341 1/2, but you can expect some defending thru Wednesdays trade.  Wheat up 11 to 581 1/2 with global firmness and a  month to go to new deliveries.  Dow off one hundred points, 29,179. Set up for a day of churn, probably on both sides of the fence. 


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