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:
Soybeans are currently about three cents higher. Traders were looking for USDA to report net weekly export sales of 700,000 MT to 1.2 MMT. The actual figure released at 7:30 am CDT this morning for combined old and new crop bookings was 1,992,400 MT, after subtracting noted decreases. The largest buyer was China, in for more than 1.7 MMT. Soybean meal bookings were only 23,000 MT vs. trade ideas in the 150,000 to 350,000 MT range. Both soybean and meal export commitments remain well ahead of the average pace for mid-October. Brazilian producers have been able to resume planting in the central part of the country after some needed rains arrived. That also meant fresh Brazilian hedge sales.