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Grain Hedge

RSS By: Brock Schimbeno, AgWeb.com

Grain Hedge is a self-directed discount brokerage that saves farmers money when trading in the futures and options market. For $7 commissions per side producers can execute their marketing strategy with authority, any time the markets trade.

Follow-through Selling for Corn and Wheat; What Technical Levels Should Be Watched?

Dec 12, 2012

Brock and Logan discuss today's trade action coming on the heels of Tuesday's USDA WASDE Report. Wheat continued to sell off, dragging corn along, as ending stocks were raised 50 million bushels yesterday. For wheat, oversold territory has been hit on the daily chart and we are approaching support from the 200-day moving averge. Also sitting right below the market is the psychological support level of $8. As for corn, ethanol production disappointed this week leading the market to test the $7.20 support area. These topics and more are discussed in today's GrainTV.

grain hedge topper

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.

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