Video Alert and PDF: Learn from a Market Veteran (Free!)
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.
See the markets Jim is watching each day
Get a free companion PDF that explains his "Cycle Trading" method
Learn how to identify chart formations that indicate potential breaking commodity markets
Watch Jim analyze actual charts in his videos, pointing out formations and signals
All you need to do to watch today's video and get the PDF is confirm here:
Corn futures are trading 1 to 2 cents higher this morning. Fairly broad areas of the Corn Belt are below 100% of normal precip for July, but are now drawing on subsoil moisture from June. The Allendale brokerage firm released a 174.1 bpa national average yield guess. If realized, that would be 5.9% above the previous record set in 2009, and a year over year jump of more than 9.6%. A Reuters poll on Friday showed that the market is currently trading a 170.5 bpa average yield, 5.2 bpa above the USDA July figure. The CFTC Commitment of Traders report showed managed money decreasing their net long position in corn by 22,693 contracts as of July 22 giving them a net long position of 70,408.