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 grain markets were mostly lower today with the only exception being front-month soybeans. Winter Storm Q and the precipitation it leaves in its wake has pressured the wheat markets lower. Corn continues to find resistance around $7 despite better ethanol figures this week. Front-month soybeans continue to find support from drier South American weather. Export sales expectations for tomorrow's report are as follows (combined for this year and next in 000s MT): wheat 400-600; corn 150-350; soybeans 300-600. For a full recap of today's action, tune into GrainTV.
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