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

7/14/2020

 
Big new sale of corn to China gives us a bid early Tuesday but funds kept their thumb on the market thru the day and as expected, brought selling late to mark the close.  China is trading us brilliantly, letting the uneasiness of a busted trade deal keep prices low so they can buy us out for a song.  Our big carry over is a blip on the map of their demand needs.   Weather is a non event and the calendar works against the farmer.  Contracts are written that way and the money boys know it.  326 close is 2 3/4 lower.  I am wary that the funds could sell another 200K of contracts but it is also clear that they are hoping to heard out the longs to do the selling for them.  Most of the volume was in the 329-330 range, so that is were we should see defending.  For the next several days, pay attention to where the volume trades, not the close, for entry and exit.  Wheat gains a couple cents, 526 3/4, and beans up 2 3/4 to 874 1/4.   Rice bounces 4 1/2 to 1201 as July goes off with 250 outstanding.  Randy delivered 87 new receipts out of Waldenburg and Diaz.  Be interesting to see where the rest comes from or if it gets swept under the carpet.  Dow busts out to the topside for 523 points, 26,491, while bonds rally 21 tics as well, 180.09. 

Comments are closed.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020

    RSS Feed

Services

Company

About


Support

Contact
FAQ
Terms of Use
© COPYRIGHT 2015. ALL RIGHTS RESERVED.