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 are trading lower at midday, with the exception of the September MGE wheat contract, which is a nickel higher than the Friday close.The weekly Export Inspections report published this morning showed 773,041 MT shipped, up from 578,942 last week.The year to date total is running nearly 30% behind a year ago but this is an improvement.The IGC hiked projected world wheat production a whopping 11 MMT late last week, to 713 MMT. They are seeing increased production potential in several countries since last month. There were 546 deliveries vs. September KC futures over the weekend, with Dreyfus stopping 364 of them. There were 49 deliveries vs. Chicago. The managed money accounts net position was shown getting less-short in CHI wheat last week, but less-long in KC wheat. SovEcon estimates Russian wheat exports totaled 3.7 MMT in August.