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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.
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Soybean futures are showing double digit losses, giving some back after posting new highs for the move on Wednesday. Weekly export sales were in the upper range of the trade guesses at 1,326,000 MT. New soybean meal bookings came in near the lower end of the range of guesses at 152,900 MT. The largest buyer was Mexico. Meal futures are down more than $14 on the session, after posting new highs yesterday, and again earlier today.
Nov 14 Soybeans are at $10.28 1/4, down 14 3/4 cents,
Jan 15 Soybeans are at $10.33 1/4, down 15 3/4 cents,
Mar 15 Soybeans are at $10.39 1/2, down 16 1/2 cents,
May 15 Soybeans are at $10.45 3/4, down 17 3/4 cents,