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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 ended the session fractionally lower, but the March contract poked out a 3 cent gain for the week.The USDA 10 year baseline forecast released on Thursday anticipates 88 million acres will be planted to corn in 2015; Informa released its estimate for 88 million planted acres today. In the weekly Commitment of Traders report from the CFTC, managed money accounts added 5,976 contracts to their net long position during the week ending Tuesday December 16. Their net position is now net long 236,170 contracts.