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.
On this morning's broadcast Kevin and Cody discuss the delayed crop progress report, and what wheat producers should do in light of this spring and winter wheat crop that is off to a great start. Tune in for the full report!
Keep an eye on the soybean complex as last Friday's COT report showed 216,000 net longs held by managed money. When these bulls exit the plane expect turbulence, and with nearly 50 cents taken off the May contract in the last week there could be some nervous longs in the managed money sector.
It will be important to see where we close today, follow us on Twitter @GrainTV for updates if you are out working the fields. Want to view live quotes and execute your own trades for $7 commissions per side? Take a demo of Firetip today!
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