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.
Rumors of Chinese corn cancellations helped the corn complex grind lower for the second day in a row. We look at the current export pace of U.S. corn and if cancellations for these size are possible.New crop soybeans printed a 26 cent range before closing at lows today. We discuss the technical landscape for new crop soybeans and price levels to watch moving forward.
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