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.
A mixed trade was the result Wednesday with traders and producers beginning to position themselves for Friday's USDA/WASDE reports. Average of the analysts' polled by Reuters shows an anticipated increase in production for both corn and soybeans. These revisions higher should outweigh any demand-side revisions that could be made to export sales and ethanol use. Tomorrow the USDA releases its weekly export sales report. Tune into the full report.
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