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.
Export sales were solid across the board this morning with wheat, soybeans, and corn all meeting or exceeding expectations. These fundamentals were shrugged aside as weather is the main driver for these markets. Wetter, cooler forecasts were released midday. Longer term expectations are for a mild finish to the summer. These items are discussed in today's broadcast. Visit us at GrainHedge.com to take a no obligation demo of the platform used here on GrainTV and have live quotes for tomorrow's USDA report.
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