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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Soybean futures are currently 4 to 5 cents higher, having rallied back from double digit losses late in the session on Tuesday. September was the exception to minor losses, down 50 1/4 as traders try to get out of the contract before first notice day. September is up a nickel this morning. November beans were trading lower on wet weather, but turned higher as reports of SDS and white mold problems suddenly popped up for areas of IL,IA and MO. A Farm Futures magazine survey released at the Farm Progress Show yesterday shows preliminary planting intentions of 86.6 million bean acres in 2015, up 2.6% from this year. Brazilian acreage is also expected to be up this fall due to a lack of alternatives.