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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 closed 5 to 7 cents lower, extending losses from Tuesday. Generally favorable growing weather and a rising US dollar both worked against corn prices today. The NWS forecasts call for another round of moisture, with warmer temps next week to help get the crops growing more aggressively.Growing degree day accumulations since May 1 are well behind normal in the WCB. The weekly EIA ethanol report is delayed one day due to the Memorial Day holiday, to Thursday. The weekly USDA Export Sales report is expected to be delayed until Friday.