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.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Soybean futures closed 14 cents lower to 8 cents higher, with the August contract displaying the most strength, closing 8.5 cents higher on the day. November beans were down more than 13 cents. Front month meal futures gained $1.10 on the day, closing at $381.80 after rallying as high as $389.90 earlier this morning. Private exporters reported to the USDA export sales of 225K MT of soybean meal to unknown destinations for delivery in 2014/15 this morning. Another sale of soybean meal was reported for 2014/15 delivery today, this one to Vietnam, totaling 180K MT. USDA also reported an export sale for 20K MT of soybean oil slated for unknown destinations in 2014/15.
Aug 14 Soybeans closed at $11.84, up 8 1/4 cents,
Sep 14 Soybeans closed at $10.85, down 6 1/2 cents,
Nov 14 Soybeans closed at $10.57 3/4, down 13 3/4 cents,
Jan 15 Soybeans closed at $10.65 3/4, down 14 cents,