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 closed a penny to 3 1/2 cents higher on Wednesday, following a Tuesday trade that gave back nearly all of the gains made on Monday. May16 corn was the strongest. The weekly EIA report showed that ethanol production reached a record level of 1.008 million barrels per day during the week ending 11/20, an increase of 33,000 barrels per day from the previous week. The previous record was 994,000 barrels per day (week ending 6/19/15). Ethanol stocks increased by 400,000 barrels to 19.6 million barrels, the largest stockpile since the week ending July 24. The Chicago Board of Trade will be closed on Thursday due to the Thanksgiving Holiday, and have shortened hours on Friday. As of the Tuesday close, DTN states that the national average corn basis was -$0.19 3/4, stronger than that of -$0.20 as of the Monday close, and the strongest since Sept 14.