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.
At the time of this post we see May soybeans trading above 1350, up 17 cents to 1351 1/2. Export sales of corn to unknown destinations were reported this morning by FAS, but front month corn is taking the news in stride down 1 1/4. This may be a situation of buy the rumor sell the fact after trade chatters of China purchasing up to 800,000 MT of old crop corn was in the market late last week. This morning Logan and Brock discuss yesterday's crop progress report and look at some soybean technicals. Tune in for the full report!
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