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:
Soybean futures were mostly 15 or 16 cents higher on the day, with the January contract taking back all but 2 3/4 cents of its Wednesday loss.The USDA weekly export sales report showed 3.077 MMT was shipped out during the previous week, which was the largest so far in this marketing year.Net new export sales were relatively weak, coming in at only 487,500 MT when trade expectations ran from 600,000 MT to 1.12 MMT.Another 140,000 MT of soybeans were booked for unknown destinations and announced under the USDA daily reporting system this morning.Soybean meal sales were expected to be light or even negative, but the actual weekly total reported was 265,700 MT. The meal futures reaction was muted in the front month, but the deferred contracts were up $3.20 to $6.60.
Jan 15 Soybeans closed at $10.20 1/2, up 15 3/4 cents,
Mar 15 Soybeans closed at $10.28, up 16 cents,
May 15 Soybeans closed at $10.34 1/2, up 16 1/4 cents,
Jul 15 Soybeans closed at $10.39 1/4, up 16 cents,