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 steady to 2 cents higher, after being down as much as 7 cents earlier in the day. After the close, USDA corn planting progress was reported at 45% complete as of last night, up from the previous five year average of 30%, but slightly below trade expectations. Emergence was at 13%, 5 points ahead of the average pace. The USDA reported that 431.049 mbu of corn was used for ethanol production during March. This was up 2.5% from February, but down 1.6% from March 2015. Export inspections during the week ending last Thursday reached 1.159 MMT. This was up 1.25% from the previous week, and nearly 10% larger than the same week in 2015. YTD inspections through April 28 were down 12.6% from the same period a year ago. Franca Junior, a Brazilian grain analyst firm, reduced its 2015/16 production estimate by 7.6 MMT to 79.5 MMT (USDA: 84.0 MMT).