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

12/7/2022

 
Midweek trade mostly prepping for the next 2 days information drops.  Export sales and WASDE in ag, as well as yearend book cleaning will be the fuel.  Wheat getting an oversold bounce, 749 1/2, plus 20 1/2, while corn comes along for 4 to 641 1/4.  Beans up 17 to 1472 and the funds are adding longs.  Rice off another 13 1/2 to 1671 as the funds who previously added longs are still getting shook out for a loss.  Dow off 8 in a churn day, 33,625, while bonds rocket up another point and 17 tics, 131.30.  I don't know if this is a buy the rumor sell the fact in front of the fed meeting or flight to quality in front of bad news yet to be released to the commoner.  

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