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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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Soybean futures are currently off 6 to 7 cents after posting new highs for the move on Wednesday. USDA export sales numbers were expected to be in the 1.0 MMT to 1.5 MMT range for soybeans, with soybean meal export sales in the 150-300,000 MT area. USDA reported this morning that net soybean sales for the week ending October 23 were 1,326,000 MT. Soybean meal export bookings were 152,900 MT. The largest buyer was Mexico.