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.
Screencapture from 5:02 PM Central Time
Equity futures are drifting higher this evening with expectations for both the NYSE and NASDAQ to be open for business tomorrow. The grain market will stay focused on South American planting progress for the remainder of the week, with continuing issues lending support to the corn and soy markets. Technically we are looking for the 100 day moving average to provide resistance to the January soybean contract and support to the December corn contract. Overall, many traders are looking for a sideways market into the November 9 USDA reports but don't be surprised by big moves, especially with next Tuesday's US Elections.
We normally get EIA ethanol production numbers on Wednesday, but those have been delayed untill later in the week due to Hurricane Sandy. Want to watch these markets and place your own trades for $7 commissions per side during the night session? Click Here to take a demo and get started tonight!
THERE IS SUBSTANTIAL RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR FULL RISK DISCLOSURE.
No comments have been posted to this Blog Post