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.
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Corn futures are trading steady to a penny higher. With at least a fifth of the national corn crop likely in the ground by now, and more rapid progress expected this week, the corn market is steady on the day.The US Dollar Index is sharply lower, but we are getting into the time of year when new crop production is the focus.Overall 2% of the crop had emerged by Sunday night; a reminder that the crop is far from being made.At $3.47 the DTN national average cash corn index is the lowest it has been since February 2.May futures traded at the lowest price for a front month contract since early November 2014.