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 settled mostly 7 to 7 1/2 cents lower on Friday with Dec16 down 7 cents on the day, and losing 18 3/4 cents on the week. The PFA tour estimated IA average yield at 188.17 bpa vs. the 3 year average of 176.98. Their MN estimate is 182.32 vs. the 3 year average of 180.91. Ethanol futures were slightly lower on the session. The Dec17-Dec16 corn spread reached a new high on Friday at 41.75 cents. As of the Tuesday close, managed money had reduced its net-short position by a net 7,537 contracts vs. a week earlier according to the CFTC report published on Friday after the markets closed.
Sep 16 Corn settled at $3.16 1/4, down 7 1/4 cents,
Dec 16 Corn settled at $3.25, down 7 cents,
Mar 17 Corn settled at $3.34 1/2, down 7 1/2 cents
May 17 Corn settled at $3.41 3/4, down 7 1/4 cents