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.
Rumors late in the session of China in the soybean market and export delays out of Brazil helped rally soybean futures into the close. The last trade was above 1450, but we saw a settled price of 1446 3/4 for the May contract. In today's episode, Logan and Abbey discuss this price action and what we are seeing in the cash market. Tune in for the full report!
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