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 planning 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 2 to 4 cents higher at midsession, after gains of 9 to 16 cents yesterday. The Chinese Shanghai Composite Index closed 4.8% higher Friday morning, after a 5.3% gain on Thursday. South American soybean weather forecasts are looking for a higher than normal temperatures and a lack of moisture throughout the next five days. Monsoonal rains in India are expected to be extremely spotty in much of the soybean growing areas. With 11 days left to be reported in the marketing year, US accumulated shipments are 11% ahead of last year and have reached 100% of the WASDE full year forecast. Argentine producers are expanding soybean acreage this upcoming crop year.