Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Home
  • Commentary
  • About
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  • Contact
  • Links
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  • Individual advisory service
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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

2/21/2023

 
Tuesday trade after the long weekend had contracts being pushed by the last weeks bias.  Beans want to test 1550 and we got enough weather out of Argy to get 1548 3/4, plus 21 1/2.  At this point I wouldn't mind a push over 1550 to see if the bulls will add.  I guarantee you Brazil hopes we do.  Corn only good for 2 3/4 gain to 680 1/2 while wheat drops 15 to 750 1/2.  Rice bear fund at it again, 1727 1/2, off 24 1/2 and into an area of support, but doesn't seem like much buying materializing.  Dow got hit for 704 points, 33,162 and looking for a new level to churn in.  Bonds off a point and 22 tics, 124.03.  These lows in the financials need to hold or we are going to see a contraction in almost everything. 

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