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.
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Corn futures ended the session fractionally lower, but the March contract poked out a 3 cent gain for the week.The USDA 10 year baseline forecast released on Thursday anticipates 88 million acres will be planted to corn in 2015; Informa released its estimate for 88 million planted acres today. In the weekly Commitment of Traders report from the CFTC, managed money accounts added 5,976 contracts to their net long position during the week ending Tuesday December 16. Their net position is now net long 236,170 contracts.