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:
Wheat futures finished 3 to 7 cents lower. Prices slipped again today, largely due to lackluster demand for US wheat, as evidenced in the Export Inspections report on Monday. September ’15 KC wheat closed 20% below its June 30th high today. September MPLS wheat is not far behind, down 19.5% in the same period. As of Sunday night the spring wheat crop was 8% harvested, (5yr avg is 11%). The Washington wheat harvest is well ahead of schedule, with 55% of spring wheat harvested (5yr avg is 8%), and 82% of winter wheat harvested (vs. 32%). Winter wheat harvest was 93% harvested as of August 2nd, 8 points ahead of normal. Egypt is tendering for wheat tomorrow for September 11-20 delivery.
Sep 15 CBOT Wheat closed at $4.93 1/2, down 5 1/2 cents,
Sep 15 KCBT Wheat closed at $4.85, down 4 cents,
Sep 15 MGEX Wheat closed at $5.13 3/4, down 3 1/4 cents