Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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    • CASE 1845 C
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    • data

today's thoughts

Tuesday

1/5/2021

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Tuesday trade more of the same as far as fund re-balance, although OI says the funds didn't buy as much as most people would think.  10K up in beans, 12K in corn, a lot less than Monday.   Corn rallies 8 to 491 3/4 as sellers didn't have the desire to push like Monday.  Bean up 34 to 1347 and that close came with someone waiting to sell a big order late in the day.  I would think the seller expected more of a drop, but that's just a guess.  Wheat gains 12 to 654 and nothing bearish coming out of the EU/Russia as wheat is looked at more for a feed replacement all around the world.  Rice off 11 1/2 to 1261 as sellers try to push down, but bidding emerged.  7 new Harrisburg receipts out. Dow in an up churn day, 30,285, plus 181, while bonds drop a point and a tic, 172 even. 
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