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
  • 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

8/11/2020

 
Tuesday trade is just squaring up for WASDE on Wednesday.  Corn market got a pop from the weather that ripped across Iowa and Illinois, but by the end of the day we were only a penny higher, 311 1/2.  And that is with a solid chunk of fund shorts covering , over 30K worth.  Beans did nothing and closed 1/2 higher, 870 1/2.  Wheat recovers 4 cents of yesterdays loss, 495.  Rice was dead other than spreads, 1168. off 3.  Dow closed more than 400 off highs and 65 lower on the day, creating a possible reversal, or a trap, 27,614.  Bonds off 2 points and 5 tics to 179.04.

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