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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.

Slash In Corn Yield Estimate Rallies Market On Open, Grains Drifting Lower At Mid-Day

Jul 11, 2012

We saw DEC '12 corn print a contract high of 748 this morning before being pressured lower. This morning's WASDE report was neutral to bullish for the grains, with the big number being the USDA corn yield forecast coming in at 146 bu./acre. A sub 150 yield has been largely priced into the market as DEC '12 corn has added $2 per bushel in recent weeks.

Mid-Session Update:

The grain complex has now turned negative on the heels of the USDA WASDE report. The screen capture below is from 12:00 Central, and corn is testing 700 on the DEC contract.

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Follow us on Twitter, @GrainTV, for live updates as we move through the trade day!

GrainTV WASDE report analysis:

Want to watch and trade these markets whenever they are open? Take a demo of our Firetip trading platform and get started!

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THERE IS A SUBSTANTIAL 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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