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 currently more than 8 cents lower after on the day, after posting new highs for the move at $10.02 shortly after 7AM this morning.The November contract gained 30 cents on Thursday after the USDA reported net weekly export sales at 2.17 MMT, showing strong export demand.The domestic crushers want to get their hands on the beans too, in order to make good on their export commitments for soybean meal. Cumulative 2014/15 meal export commitments are currently well ahead of recent years. November soybean options expire today. The run off presidential election in Brazil is this weekend.
Nov 14 Soybeans are at $9.84 1/2, down 8 3/4 cents,
Jan 15 Soybeans are at $9.90 3/4, down 9 1/4 cents,
Mar 15 Soybeans are at $9.97 1/2, down 9 cents,
May 15 Soybeans are at $10.04 1/4, down 7 3/4 cents,