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 planking 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 closed steady to 4 1/2 cents higher, with nearby July the firmest.The meal/oil spread revered Tuesday action, with nearby meal up $6.20/ton and soy oil down 41 points. July beans hit $9.205 on Tuesday; the lowest price for a front month contract since October 13.The next export sales report will be issued on Friday morning this week (rather than tomorrow) due to the holiday-shortened week.September soybean futures on the Dalian Exchange were 8 cents higher on the session, settling at the US Dollar equivalent of $19.41; a 38 cent discount to the January contract.