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:
Wheat futures were mostly lower on Monday. MPLS was the weakest, down 3-5 cents on the day. CHI was steady to 2 1/2 cents lower, with KC losing 1 3/4 to 3 3/4 cents. Weekly shipments for wheat exports were 612,536 MT for the week ending April 20. That was 10.62% lower than last week, but is 41.14% larger than the weekly shipments reported last year at this time. Winter wheat conditions were reported at 54% good/excellent after the close, unchanged from last week, but down 5% from the same time a year ago. The Brugler 500 index has ratings at 347, up 1 point from last week as 1% was shifted from good to excellent. Last year the rating was 359 for the same week. Winter wheat progress showed 32% of the US crop was headed, up from the average of 23% and 24% last year. The Ukraine Ag Ministry estimates 2017 wheat production at 24 MMT, down from 26.8 MMT last year.
May 17 CBOT Wheat settled at $4.02 1/2, down 2 1/2 cents,
May 17 KCBT Wheat settled at $4.01 3/4, down 2 3/4 cents,
May 17 MGEX Wheat settled at $5.21 1/2, down 5 cents