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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 are trading mostly a nickel higher on the day, driven in part by strong gains in the bean meal, and implied planting delays for the second Brazilian crop.Approximately 6% of the US crop is still in the fields.Preliminary OI was down 26,121 contracts on Monday, with December down 43,591 contracts. Friday is first notice day for December futures, with Wednesday as position day. Chinese DDG imports have slowed due to the insistence on non-GMO origins. May corn futures on the Dalian exchange closed at the USD equivalent of $9.99.