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:
Soybean futures posted subtle losses of 6 1/2 to 8 cents on Thursday, after being up as much as 9 3/4 cents at one point during the session. The USDA Export Sales report this morning showed net old crop reductions of 1,365 MT during the week ending July 21. Net sales of both old and new crop soybeans were reported at 676,857 MT, below the low-end of pre-report estimates. China was in for 286,300 MT. Weekly shipments reached 698,531 MT, the largest weekly total since the week ending March 10. As of July 21, old crop commitments were 101.8% of a year ago. Soy meal sales totaled 154,321 MT, and soy oil bookings were reported at 6,514 MT. Under the daily reporting system, private exporters announced that 129,000 MT of US soybeans were sold to China this morning, and an additional 328,000 MT were sold to unknown destinations. Of the combined total, 71% was for 2016/17 delivery. These purchases will show up on next week’s USDA Export Sales report.
Aug 16 Soybeans settled at $10.03 1/2, down 7 cents,
Sep 16 Soybeans settled at $9.93 1/4, down 6 1/2 cents,
Nov 16 Soybeans settled at $9.78, down 8 cents,
Jan 17 Soybeans settled at $9.78 1/2, down 7 3/4 cents,
Aug 16 Soybean Meal settled at $341.50, down $3.30,