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
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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

4/12/2023

 
Wednesday markets seemed to struggle to find a leader as it looks like some were just looking to leave the dance.  Corn bounces a nickel, 656, wheat 5 1/2 to 679 1/2 and beans up 7 cents, 1504 1/4.  Rice fund shorts getting blown out again for another 59 1/2 to 1755 and back to reasonable pricing to me based on supply.  Never any reason to break as far as we did. The one thing every grain had in common today?  Everything dropped open interest.  Still 18 days to the end of the month and I know the roll is going on, but still, makes one wonder if money is getting ready for another shoe to drop.  Dow looked higher but faded to 33,813, off 39 points.  Same story in bonds with a 7 tic lower close, 132.05. 

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