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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.
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Corn futures are a few cents higher at midday, despite a more than 700 point rise in the US dollar Index so far on the session. Private exporters reported a sale of 131,172 MT of corn to unknown destinations this morning.The weekly export inspections report from the USDA showed 762,276 MT shipped during the week ending March 26.That was down from the previous week and well below the same week a year ago.Sorghum inspections were smaller than the previous week, but still more than the same week a year ago.The main market movers this week will be the Grain Stocks and Planting reports on Tuesday. Depending on which survey you read, trade guesses for the USDA acreage intentions are slightly below the 89.0 million acre figure that was in the USDA Ag Outlook Forum in February.