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.
Cody and Logan discuss today's trade action coming on the heels of Tuesday's USDA WASDE Report. Wheat had the biggest surprise of the day with ending stocks being raised 50 million bushels. All of the increase was due to a decrease in exports of the same amount. No revisions were made to corn supply and demand, but soybean crushings saw a 10 million bushel increase. Wheat was really the leader to the downside in today's trade, so how low can we trade? Tune in to find out.
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