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EHedger Grains Market Commentary 10/28/09


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SETTLEMENTS 10/28

Grain Settlement - 10-28

 

Corn, soybeans and wheat all closed sharply lower.  Today was similar to yesterday. Another rally in the U.S. dollar caused a sell-off in the equities and the commodities.  The Delta and Midwest look to get some additional rains late this week, but next week looks mostly dry.  Corn, soybeans and wheat have all setback to key technical levels.  Weather and the U.S. dollar will likely dictate which direction we head from here.   Due to the rally in October...   For more...

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Justin Kelly grew up working on his family's farm in western Illinois, and has been intimately involved in the agricultural industry his entire life. After graduating from Purdue University with a BS degree in Agribusiness Management, Justin was a CBOT member and corn pit broker for Iowa Grain Co. In 2006 Justin went on to lead Iowa Grain's research department. Today as President and Principle of EHedger, Justin applies his hands on experience of both farming and futures trading to helping producers and merchandisers implement solid risk management strategies tailored to their specific requirements.

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