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.
The new crop soybean / corn ratio reached new highs, ending the day at 2.377. This is the highest this ratio has been since February 2011. Do not expect to see this ratio impacting the March 30th Planted Intentions Report, since the survey for this report was completed the first week of March. To see areas where soybeans have a chance to pick up planted acres, refer to our cash market commentary from last week.
We saw a divergence between the corn and soybean market today, with corn closing at session lows while bean contracts were propelled higher at the end of the session. Spreads between old crop and new crop contracts remained firm throughout the grain complex, in contrast to a weakening in new crop contracts we have seen in recent weeks.
THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.
No comments have been posted to this Blog Post