Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planking trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Corn futures are trading around 3 cents lower at midday following the USDA Grain Stocks report release at 11AM this morning. The report showed 2013/14 US ending stocks were 45 million bushels(mbu) larger than the trade had been expecting. The official figure was published at 1.236 billion bushels(bbu), while the average pre-report trade guess was 1.191 bbu. That implies 2.62 bbu of corn use in the fourth quarter. As of Sunday, 12% of the crop has been harvested compared to the 5yr avg of 23% for this date.