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.
Cody and Logan discuss the day's action in the grain market, with soybeans falling over 30 cents. There were net cancellations of 310,000 MT today, but that is a small percentage in relation to the amount of sales made this year in beans. The pace of sales and soy crush margin continues to provide fundamental support for the oilseed complex. Tomorrow EIA ethanol numbers are released. Tune into for full analysis of today's action.
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