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.
Grains closed sharply lower across the board Thursday following the release of the March 1st Quarterly Grain Stocks report. Stocks for wheat and soybeans came in above analyst expectations, but the big market mover was corn stocks coming in roughly 400 million bushels above the average analyst guess. We knew that ethanol use and export sales of corn have struggled throughout the marketing year, but it is now clear that the USDA will need to make revisions to their estimates for feed usage in the months to come. Tune in for Brock and Cody's take on the action and where this market might be headed. Visit us at GrainHedge.com and take your no obligation demo of the trading platform used on GrainTV.
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