Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Contact
  • Links
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    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data

today's thoughts

Tuesday

3/24/2020

 
Dow rips up 2111 points to 20,608 and bonds only slip 26 tics, 178.27.  President Trump has put a tentative target of Easter to start opening up the country.  There is a lot of discourse that this is too soon, but just like in Ag , these issues are regional.  I get keeping the hot spots contained, like New York, but were there is no real difficulties, why would you shut down the entire economy.  You manage your beans, from planting thru harvest differently in Wisconsin than in Arkansas, because local conditions warrant.  Speaking of beans, up another 2 3/4 cents, 886 3/4.  Corn up 3 3/4 to 347 1/4 with more china sales being discussed and lack of farmer selling. Short is covering and OI is not going up yet.   Wheat pushed lower early but rallies to a penny lower, 561 1/2.  Rice up 4 1/2 to 1328.  Looks like more of the longs are willing to liquidate than roll on this cycle, and that is just now starting.   Word of caution. 

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