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 the last day of November with gains around a nickel, after settling 5 to 7 cents lower on Friday. This afternoon, the EPA released its ethanol blending requirements, requiring refiners to blend 18.11 billion gallons of renewable fuels in 2016 (May 2015 proposal: 17.4 bil gal; Congress 2007 target: 22.25 bil gal), including 14.5 bil gal of ethanol. The USDA Export Inspections report early this morning showed that 298,692 MT of corn was inspected for export during the week ending last Thursday. Current marketing year to date inspections are 6.714 MMT, down 26% from the same time in 2014. The CFTC report was delayed until this afternoon due to the Thanksgiving holiday. It showed that managed money corn accounts increased their net short position by 41,404 contracts to a net short position of 99,808 contracts as of the close last Tuesday. The national average basis per the Friday close was 19 3/4 cents under, 8 1/4 cents stronger than this time in 2014.