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.
Wheat was the leader to the upside and broke through technical resistance in the $7.00 area. Large acreage is anticipated to be planted to soybeans by a well-known private analyst. Ethanol numbers rebounded aiding the buying for corn. Export sales will be closely watched for cancellations out of China. Tune in for a full breakdown of today's action. Visit us at GrainHedge.com to take a trial of our mobile trading app and get live quotes in the cab of your tractor for planting season!
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