Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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  • Home
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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

Wednesday

7/29/2020

 
Wednesday has nothing of note to drive the markets, so we trade lower.  I do have some concern that the computers will want to hunt old lows again.  Corn off 4 1/2 to 315 1/2.  Pretty low in the stochastic for me to get over my skis afraid from here for a few days.   Maybe another nickel, then they will have to work for their money.  Beans slip 3 1/4 to 884 1/2.  Beans still have a demand story and should see decent export numbers again tomorrow.  Wheat churns up today, 532 3/4, plus 9 1/4.  Rice bear back but we close only 4 lower, 1138 1/2.   Dow saw a little daylight above and gained 143 points, 26,440, while bonds gave back 5 tics, 181.09. 

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