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 weekly crop progress showed corn planting at 5% complete compared to 49% last year and 31% for the 5-year average. Winter wheat slid further down to 33% on the good-to-excellent rating. Export inspections continued in their patter with wheat exceeding expectations, soybeans at the high end of expectations, and corn within expectations. Later this week, we get ethanol production and export sales. Tune in for the full report!
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