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

2/8/2023

 
WASDE didn't really bring much to the dance Wednesday and I would argue was slightly bearish to corn and beans but after initial drops we recovered with corn regaining yesterday drop, 678 1/2, plus 4 1/2 and beans up 4 1/2 as well, 1519 3/4.  Wheat picked up 15 to 764 3/4 but that's probably more about adding risk to the wheat market in general with Russia upping their ground offensive.  Rice was the big winner on the day, 1790, up 42 1/2 cents.  Before you get too excited, a week ago rice was 1784 and the big daily rally gained no open interest outside of September new crop.  Dow off 211 in standard churn trade, 33,995, and bonds off 2 tics, 128.11.

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