Grain TV by Grain Hedge
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.
USDA Projects Record Yield for 2012/13 Corn at 166 bu. per Acre
May 10, 2012
Big Things to Take Away From This Morning's WASDE:
12/13 corn production projected at a record 14.8 billion bushels
12/13 corn yield projected at a record 166 bushels per acre
11/12 corn ending stocks raised 50 million bushels to 851 million bushels
12/13 soybean production projected at 3.205 billion bushels as "higher yields more than offset lower harvested acreage"
As we approach the market open we see the bid on new crop corn at 476 3/4. Bid on new crop beans sitting at 1403 1/2. It looks like we will continue to see soybeans build a premium with respect to corn as this report will weigh heavily on the corn market. Want to watch these markets trade and execute your own orders, even during the night session? Take a demo of our trading platform today!
Join us in an hour as we break down this report in detail on GrainTV.
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