Wednesday trade a lot more dynamic that I expected. Corn up 13 3/4 to 557 1/4. Wheat good for 7 1/2 to 759 3/4. Global wheat story still there, and I'm guessing ethanol got a shot that still has to be announced. Beans gain 1 1/4 cent, 1239 1/4. Meal the stronger leg. Rice up 1 1/2 with the seller not getting the win on the day. Six dollar rice seems to have a bid. Dow off 255 on a back and fill day, 35,389, and bonds gain a whopping 2 full points. 160.31. That's 64 tics of upside, and not a very big inflation flag. Maybe a flight to quality flag.
Comments are closed.
|
Archives
May 2023
|
Services |
Company |
|