Malcom Ag Group, Inc.
Malcom Ag Group, Inc.
  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
  • Services
  • FAQ
  • Individual advisory service
  • Archives
  • Education
    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data
  • Home
  • Commentary
  • About
    • Bio
  • Contact
  • Links
  • Services
  • FAQ
  • Individual advisory service
  • Archives
  • Education
    • CASE 1845 C
    • Cost Of Carry
    • Options
    • A possible momentum trading program
    • data

today's thoughts
General notes to start daily individual updates

Wednesday

10/28/2020

 
Ugly day in the Dow Wednesday as global concerns about reoccurring Wuhan virus in the EU are triggering more talk of complete lock downs in Germany and France.  We have our own election day issues upon us.  Dow closed off 956 points, 26,409 but surprisingly, or maybe not so surprisingly but still noticeable, bonds actually lost 2 tics, 174.01.  Normal big breaks in the Dow bring a flight to quality, but this is more a re balance than a flight.  Spill over into the grains as we approach first notice day in a market full of spec longs, beans drop 25 cents in Nov as 35,000 contracts find the exit door in one day.  On a positive note, meal bounced $5 from the lows and seemed to be pricing.  Wheat off 7 cents, 608 3/4, but still a solid market price.  Corn got hit for 14 1/2 as well,  401 1/2.   Rice is awaiting deliveries for our next direction with OI down to only 768 in Nov, but no carry in the spread.  Looks like we will see 2 commercials dance.  Someone is long, someone short.   Same story in the beans.  No carry today means cash is tighter than they care to let on.    Biggly different reasons between the two crops I would stress, so should be managed accordingly.   Have 1000 geese in the air here today, so the seasons they are a changing.

Comments are closed.

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020

    RSS Feed

Services

Company

About


Support

Contact
FAQ
Terms of Use
© COPYRIGHT 2015. ALL RIGHTS RESERVED.