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

Wednesday

7/22/2020

 
Corn yo-yo trade as we are up 4 3/4 Wednesday, 327 1/2.  Personally, I'm surprised, and happy, that it could settle that strong.   Beans up 3 in the face of the US expelling all the diplomats from the Houston Chinese embassy.   Chatter I pick up says its past due.  894 close.  This flooding issue in China is much more wide spread than just the 3 gorges dam area, has them behind the eight ball, and Trump is pressing.   Wheat continues to climb back, 534 1/2, plus 6 3/4, and rice gains 6 1/2 to 1187 as the bear backed up a bit.  Weather in the gulf over the weekend could change the psychology down there pretty quickly.  Dow up 158 to test yesterday highs, 26,884, and bonds gain 11 tics more, 180.20.

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