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 are currently showing losses of more than 23 cents in most contracts. After the close, USDA reported that the overall condition of the national soybean crop was unchanged from last week. IL, IN, and MO showed a slight decline while the IA crop was unchanged and the MN crop improved. Planting progress increased 2 points from last week, coming in at 96%; still 4% behind the 5 year average. USDA reported that Missouri still only had 73% of the soybean crop planted as of Sunday night, significantly behind the 5 year average of 97%. An additional four percent of the US crop emerged since the last report, bringing the weekly total up to 93%, and approximately 1/5 of the crop was estimated to be blooming. The Weekly Commitment of Traders Report showed the Managed Money speculative accounts increased their net long position by 65,767 contracts as of Tuesday the 30th, and were net long 67,596 contracts.
Jul 15 Soybeans are at $10.06, down 27 3/4 cents,
Aug 15 Soybeans are at $9.98, down 24 1/4 cents,
Sep 15 Soybeans are at $9.89 3/4, down 25 3/4 cents,