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.
Soybeans have rallied off the open on news that China is back in the export market. Still unconfirmed amounts, but early chatter is that the sale was for 2 cargoes for April delivery. At the time of this post we see May soybeans up 6, corn down 5 3/4, and Chicago wheat down 11 3/4.
Here in the first week of March it is time to start looking at Crop Progress, and this morning Brock and Logan look at the early condition of the Kansas City wheat crop. Rain and snowfall covering areas of the central plains this winter have helped top soil moisture content, and as a result we have seen significant improvements in wheat condition in Kansas, Oklahoma, and Texas since planting.
Want live quotes and easy order execution on your home computer? Take a demo of Firetip and get started!
THERE IS A 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