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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 mostly down 8 to 12 cents at midday. September bean meal is 60 cents lower and Sept bean oil futures are down 58 cents on the day. The PFA tour group found a higher average number of pods per sample than last year in both NE and IN; more so in Nebraska. Stats Canada expects total soybean production there to be down 6.5% this year, and canola production is forecast to be down 1.2% from 2015. Crude oil futures are sharply lower on the day, and the US Dollar Index has traded as high as 94.909 on the session.
Sep 16 Soybeans are at $10.26 1/4, down 8 cents,
Nov 16 Soybeans are at $10.01 1/4, down 12 1/4 cents,