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 sideways trade that we have seen for the last two weeks in the grains has continued this morning. As you can see from this screenshot taken from our Firetip trading platform we have corn down 1 1/4, beans down 3 3/4 and Chicago wheat down 3.
We have included November soybeans in this matrix as a reminder to producers that first notice day for this contract has passed. Producers that do not intend on delivering should roll-out to a more distant month. Additionally, once a contract's first notice day has passed there are no limits on price action. In today's trade this isn't an issue but on report days or when market volitlity is high price movements can be large.
Moving to livestock, live cattle and lean hogs remain in the top half of their recent trading range and are making small gains today. To get live quotes in your home today for $7 commissions per side, take a demo of Firetip!
THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.
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