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.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Soybean futures are trading4 to 8 cents lower at midday. Nearby December meal is supported by shorts scrambling to exit ahead of December deliveries. There are currently no receipts registered for delivery against Dec meal. China bought another 120,000 MT of soybeans for 2014/15 delivery, as announced by USDA under the daily reporting system. This ran counter to other market “talk” that crush margins on imported beans had turned negative in China.
Jan 15 Soybeans are at $10.42 1/2, down 8 1/2 cents,
Mar 15 Soybeans are at $10.48 3/4, down 7 1/2 cents,
May 15 Soybeans are at $10.54 1/2, down 6 3/4 cents,