Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
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    • CASE 1845 C
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    • Options
    • A possible momentum trading program
    • data

today's thoughts

Wednesday

1/13/2021

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Wednesday follow thru trade after the limit up corn close was rather muted as we closed only 7 1/4 higher, 524 1/2.  Beans closed 12 lower, 1406 1/4, and 30 off the highs.  Meal weak all day and off $8.  Wheat held most of Tuesdays gains, only off 4 1/2 cents, 660 1/2.  I would have bet that would have been the weak link on Tuesdays close.  Some technical damage to the grain rally if we don't find our feet quickly.  Rice up 27 1/2 to 1312 as it appears funds have rediscovered rice after a 6 month hiatus.   Dow in a nothing day, 30,959, off 15 points, while bonds finally get a bounce we have been looking for, 169.12, up a point and 6 tics.
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