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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 2 to 3 cents lower at midday. Weekly export inspections reported by the USDA this morning were 886,825 MT, up 18.6% from the previous week, and 20.4% higher than the same week a year ago.YTD inspections are 101.6% of a year ago.Sorghum export inspections were also larger than last week.YTD sorghum inspections are nearly 208.5% of the same week a year ago.Front month corn futures ended last week 2.5 cents higher than they began despite a sharp rise in the US Dollar Index. The bull story for Friday was the weekly USDA Export sales total of 2.185 MMT (85 million bushels). That is a new high for the marketing year.February ethanol futures are slightly higher at midday.