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.
Grains closed in the red across the board today as traders remained focused on the GMO wheat story out of Oregon. Strong ethanol numbers reported by the EIA were not able to support old crop corn prices into the close. Tomorrow's export sales numbers will be important for soybeans in particular, tune in for a breakdown of these and other issues on today's GrainTV. Want to use the trading platform you see on GrainTV in your home or office? Visit us at GrainHedge.com to take your no-obligation trial today!
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