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

12/29/2020

 
Tuesday brought big buying and short covering, along with aggressive options activity to the beans, with a 40 1/4 cent rally to 1295 1/2.   Lots of reasons to look up 1290, and we did, but seems overdone for now.  Meal did rally over $11 as well so there is a base to the trade.   Corn cut thru 460 like a hot knife thru butter and closed 466, up 9 1/2.  Big picture is a softer dollar and tight global food supply makes for high grain prices.  Keep in mind, we are shipping, while other countries are paying demurrage.   Rice popped 21 to 1220 1/2 as the spread caught a bid and the seller ran out of bullets.  Wheat even found a floor and gained 4 1/4 to 618 1/2.  Dow just a simple churn trade, 30,238, off 67, and bonds slip 3 tics, 172.21.  Wednesday is first intentions for Jan, so make sure all Jan positions are cleaned up. 

Comments are closed.

    Archives

    February 2023
    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.