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.
We had a lot of fundamental news to talk about today, with both the EIA ethanol and export sales report being released today. Wheat export sales crushed market expectations giving wheat a break from recent selling pressure. Ethanol production moved up by 12,000 BPD for the week, but our models are still projecting 100 million bushels less corn going to ethanol than what the USDA is currently projecting. On today's show Brock and Logan discuss these issues and the looming fiscal cliff.
THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.
No comments have been posted to this Blog Post