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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 closed mostly 2 cents higher.EIA weekly ethanol stocks were 17.9 million barrels, which is even with last week.Ethanol production was 16K barrels per day(bpd) higher than last week, coming in at 959K bpd.That is the second largest weekly corn consumption of the year for ethanol. A weather firm rolled out a 172.8 bpa national number this morning but the market was able to shake it off. Trade ideas for USDA weekly Export Sales are in the 650,000 MT to 1.2 MMT range.