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.
Weekly exports sales exceeded expectations for soybeans and met expectations for wheat and corn. This has been the pattern for much of the marketing year. Export demand has been running ahead of pace to meet current USDA projections for soybeans, but corn fell behind this week for the first time this marketing year. The question to ask is: How is export demand affecting river basis levels? To get the answer and a recap of today's and this week's price action, tune into GrainTV.
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