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:
Corn futures closed a sideways trade within 2 cents on either side of unchanged on Friday. September corn was down just 2 cents on the week while posting a 21 cent trading range. The weekly Commitment of Traders report shows managed money accounts were fairly undecided about which way to take their net position as of the Tuesday close. The MM accounts only decreased their net long position by 89 contracts to an updated position that is net long 73,537 contracts. Spec money still has one eye on the global stock markets, as the Dow closed a volatile week, down 12 points on Friday. Five day forecasts project 1 to 2 inches of rain for much of Iowa and parts of Wisconsin. Nebraska, Iowa, and northern Illinois and Indiana should expect low-temperatures to be above average throughout the next few days. The forecast is generally beneficial for corn yield prospects, with a few areas drier than desired. Average ethanol prices are down a penny to $1.39 in SD, off three cents in NE to $1.40, and down a nickel in Illinois to $1.43.