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.
A mixed trade was the result today with corn and wheat ending lower and soybeans continuing its march higher. South American weather will be the topic to watch over the weekend with precipitation forecasted for Sunday and into Monday. Commodity funds have added to their net long positions recently opening the door to take advantage of these prices on unpriced bushels. Tune in for the GrainTV analysts' thoughts on today's action and prospects for prices as we move forward.
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