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 mostly 1 to 3 cents lower at midday. Weekly export inspections reported this morning were 717,605 MT, which was smaller than both a week ago and a year ago, however the YTD total is more than 150% of what it was a year ago. The US dollar index has traded in a relatively narrow range on both sides of even so far today. Midwest weather is expected to be fairly benign this week, with above normal temps and below normal precip. Traders are expecting the USDA progress report tonight to show corn harvest 32-36% completed, still lagging the average pace.