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.
This afternoon on GrainTV Brock and Logan breakdown balance sheet changes by the USDA in today's crop production and supply and demand reports. Corn and wheat rallied sharply before closing a modest 10-14 cents higher, while beans sold off after the report but fought back to end the day down just 4 1/4 cents on the March contract. What does this report mean for the grains moving foward?
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