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 USDA released the most recent round of supply and demand estimates today. Corn and wheat received somewhat bullish reports, while soybeans ending stocks were slightly bearish figure. Export sales moving higher by 150 million bushels for corn was a surprise. Wheat ending stocks moved lowered by more than expected. 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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