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

12/28/2021

 
Tuesday trade mostly a giveback day in Ag, with wheat off 20 1/2 to 783 1/2.  Oats drop 21, and Corn off a dime, 604 3/4.  I think what we are seeing in wheat is everyone around the globe that exports had somewhat diminished supplies, so everyone held back, and now we look around and stocks might be plenty enough to get us thru.  Add that farmers grow to sell, and we have too much carry in the wheat futures market due to design flaws, and combined we have a wheat market that may be running out of steam.  Should have a February winter freeze like usual that will be accused of killing the crop and tight enough stocks to keep some form of a floor for now, but that's about it.    Beans off 3 1/4 to 1359 1/4 but well off highs that just ran out of breath, and a market that all of the sudden seems heavy.  Fund re-balance cant come soon enough.  Rice up 12 1/2 more as the short with a bloody nose runs for the door and commercials that picked him off are laughing all the way to the bank.  1446 1/2.  Dow up 104 to 36,282 and bonds off 3 little tics, 160.21. 

Comments are closed.

    Archives

    March 2023
    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.