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 planning 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 at midday are 1 to 2 cents lower, after being 1/2 to 1 1/2 cents higher earlier this morning. The weekly USDA report this morning showed that 1.307 MMT of US corn was inspected for export during the week ending July 21. This was down 1.6% from the previous week, but nearly 18% larger than the same week in 2015. Marketing year to date inspections are now just 2.8% behind last year. The weekly USDA Crop Progress report will be published this afternoon at 3 PM CDT. On average, trade analysts are looking for corn conditions to be slightly lower from last week. The Brazilian safrinha harvest is halfway done. Managed money held a net short CFTC position of 13,362 contracts as of the close on July 19.