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 planning 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 are up 5 to 6 3/4 cents this morning, after trading around 4 cents higher on Tuesday. Celeres is projecting 32.2 million hectares will be planted to soybeans in Brazil, with a preliminary crop size estimate of 97.08 MMT. A Bloomberg survey shows the trade is expecting USDA to bump up US average yield to 47.2 bpa on Friday morning, while cutting harvested acres. The result is a smaller crop estimate than the one in September @ 3.911 billion bushels.