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

today's thoughts
General notes to start daily individual updates

Tuesday

8/3/2021

 
Tuesday trade soft in the Ag room with beans and products leading the way down.  Beans tested the 1309 support and held, bouncing to 1319 3/4 for the close. Off 33 3/4 on the day.   Dec meal back down to 350 and that seems to make sense as a feed cost.  Won't look good if those numbers don't hold thru the rest of the week.  Wheat tried higher but faded to 724 1/2, off a nickel.  corn off 7 1/2 to 551 3/4.  Rice closes 1340, down 9 1/2 as the bear keeps up the pressure.  Cash buyers are starting to step in I believe.  Dow popped 277 to 34,998 and bonds were flat at 166 even. 

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