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 finished with losses of 12 to 14 cents with most contracts closing about 6 cents above their session lows. Weakness in the manufacturing sector of China renewed concern about their economy and future soy purchases. Front month meal futures posted a new low for the move; regressing to where the July contract was back in mid June. The national crop condition rating improved one point from a week earlier with the Brugler500 Index at 364. Last year the crop had a score of 383 for this week. Statewide soybean conditions improved significantly in Wisconsin (+6 pts) and Illinois (+3 pts). Soybeans worsened by a point in both Indiana and Iowa, and were down 9 points in North Dakota, compared to the previous week. About 7% of the soybean crop in the major 18 states had not reached the pod setting stage as of Sunday, a couple points slower than the 5 year average.? With 9% of the crop dropping leaves, the US is 2 points ahead of the five year average for this week.
Sep 15 Soybeans closed at $8.84 3/4, down 12 3/4 cents,
Nov 15 Soybeans closed at $8.74, down 13 1/2 cents,
Jan 16 Soybeans closed at $8.78 3/4, down 13 1/2 cents,
Mar 16 Soybeans closed at $8.81, down 12 3/4 cents,
Sep 15 Soybean Meal closed at $317.90, down $3.00,