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1/21/21
Corn up 2, beans up 1, wheat down 7
Crude Oil- 53.02 down .29
US Dollar- 90.08 down .388
DOW- 31,176 down 12
The markets tried to fight higher today, corn and beans managed to close slightly higher but wheat wasn’t so lucky. There’s not a lot going on here, first you’ve got a lack of Chinese interest second the weather forecast for south America is up in the air, there are rumors of rains but until they actually see them the market seems to have taken enough off the table until there’s more info to be had. With a lack of news on demand the market may start to slough off, there is a phrase “the bull has to be fed” we need some more news here to keep the rally going. Stay tuned Ali |
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