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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Corn futures are currently trading steady this morning after closing fractionally lower on Thursday. The Dec16 contract was down for the seventh consecutive day, albeit just 10 1/2 cents off in that period to its lowest close in nearly a month. The USDA Export Sales report yesterday morning showed corn sales of 346,032 MT during the week ending last Thursday, after net reductions of 58,931 MT for the 2016/17 marketing year. Net sales of 404,963 MT for 2015/16 were the smallest for a single week since December. Japan, Colombia, and Taiwan were the largest buyers.