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 led to the downside selling off as technical and fundamental factors pressured the market lower. Corn and wheat were lower as well. Wheat made new contracts lows. Ethanol production fell slightly from last week. Export sales report out tomorrow at 7:30 AM CT. Tune in for a full breakdown. Visit us at GrainHedge.com today to get live grain quotes on your mobile device today!
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