The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Grain TV is a daily recap after the market close, providing opinions on fundamental analysis of market direction, influences and expectations. This daily program is produced by Grain Hedge, a discount brokerage firm that provides farmers and elevators with agricultural intelligence including live market quotes, cash bid data, the Grain Hedge Optimizer™ and mobile trading platforms, all for $7 commission per side. Grain Hedge provides tools to allow farmers the ability to trade when the markets move without having to wait for a broker and the information to execute a marketing strategy with confidence.
The USDA WASDE report came out this morning pushing corn down lock-limit within the first five minutes of trading. Take a look at the screen-capture below taken from the Firetip platform showing 179,172 sell orders sitting at 611 1/2. The market is going to have to fill these orders before backing off limit-down trading, expect any trading up to 611 3/4 to be short lived. If we remain limit-down on the front three corn contracts through the close today we will be trading under expanded limits starting in the night session. To get this powerful platform in your home today, give us a call here at Grain Hedge.
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