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

today's thoughts
General notes to start daily individual updates

Tuesday

2/2/2021

 
Tuesday softness had declining prices and declining open interest as a few longs hit the sidelines.  Corn off 6 1/4 to 543, with wheat off 6 1/4 as well, 644 3/4.  Beans slip 10 1/2 to 1354 3/4 but meal looks to be probing for a bottom.  Rice quiet and up 2 cents, 1336.  Dow bid all day and closes up 476 points, 30,586 with bonds giving up 18 tics, 168.14.  I guess the hedge funds think its safe to reinvest across the floor since they have averted the game stop blowup.  I'm thinking game stop is nothing more than the canary in the coalmine.  Not sure how I want to proceed.

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