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.
Click Play to Hear the Morning Grain Call
Cody and Brock discuss the early action in the grain markets. At the time of this writing we have MAR corn down 15 1/4, JAN soybeans down 23 1/2, and MAR CHI wheat down 19 1/2 cents. USDA announced that China cancelled another 540,000 MT which accelerated the selling. Some key technical levels are also discussed.
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