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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 Thursday session slightly lower, after posting gains of more than 10 cents on Wednesday. Net export sales for the week ending October 23 came in on the low end of expectations at 534,500 MT. Total 2014/15 commitments as a % of total projected annual exports are 42%; they were 45% last year at this date. The International Grains Council revised its global corn production figure to 980 MMT, up 6 MMT from the previous projection, but WASDE was already over 990 MMT in the October report.