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.
Soybeans found some buyers as traders look to tomorrow's export sales to energize a sagging grain market. On average, analysts expect the USDA to report between 1.9 and 2.5 million metic tons of corn and 2.4 to 3.0 million metric tons of soybeans reported sold during the weeks ending October 10th, 17th, and 24th. All these reports were delayed due to the government shutdown during early October and will be released tomorrow morning at 7:30 AM Central Time.
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