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:
Cotton futures finished the Wednesday trade at least 100 points higher after closing 11 to 44 cents higher on Tuesday. Nearby Dec15 was up 138 points today. The bi-monthly USDA Cotton Ginnings report showed that 2.052 million bales were ginned during the Nov 1-14 period, down 9% from the October 15-31 period. Accumulated upland ginnings are now reported at 5.738 million bales, down 40.4% from the previous 15 year average for this date. Ginnings to date in Texas total 2.186 million bales, down 5.4% from the same time frame in 2014. The Cotlook A Index is 105 points lower to 68.30, the lowest since October 6. ICE reported that there were 59,771 certified bales in delivery warehouses on Nov 24, with 1,023 new certs and 916 decertified bales. There were 2,136 bales awaiting review, all of which are at the Memphis delivery point. USDA put the AWP for this week at 46.88 and dropped the LDP/MLG to 5.12 from 5.41 cents last week.