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 to China, dry conditions in South America, and weak ethanol numbers were all fundamental drivers of the grain market today. Brock and Logan discuss these issues in addition to the technical landscape on a day that saw the grains move higher across the board. Tune in tomorrow for a complete breakdown of the weekly export sales report.
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