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Grain Hedge

RSS By: Brock Schimbeno, AgWeb.com

Grain Hedge is a self-directed discount brokerage that saves farmers money when trading in the futures and options market. For $7 commissions per side producers can execute their marketing strategy with authority, any time the markets trade.

Quarterly Stock Report Pushes Corn Higher, Beans Lower

Sep 28, 2012

The Numbers:

corn: 988 million vs 1.11 billion expected
soybeans: 169 million vs 131 million expected
wheat: 2.10 billion vs 2.28 billion expected

The big story this morning is corn stocks coming in below the 1 billion bushel mark. As you can see from the numbers above, this is 10% lower than what the trade was expecting and we now see DEC corn trading up 30 cents to 747. This has put a bid under a corn market that has looked to test $7.00 per bushel in recent weeks.

grain hedge topper

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