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.
Grains continued gains from the overnight session into the morning, at the time of this post we see corn up 7, soybeans up 7 1/2, and wheat up 12 1/2. The Dollar Index is once again trading higher this morning, and once again the bulls will be glad to see the grains trading higher in the face of this strong dollar. We are still looking for the grains to trade lower through the New Year, and this rally may be a good time for producers to hedge on the board or make some cash sales.
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