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 2 to 3 cents lower this morning.Tuesday action in the corn market rallied late to close steady to 1 3/4 higher. Early strength in the wheat markets helped to support the corn price, despite a sharply stronger dollar. Wheat is up again this morning, but the stream of tweets out of the crop tour is mostly negative. The Pro Farmer tour group estimates the Nebraska average corn yield at 163.77 bpa, with Indiana at 185.03 bushels. The August USDA yields for those states were 173 and 179 bpa respectively. The national average cash price tallied by DTN is at $3.41.