01/12/2015 – Soybeans

Issued: 01/13/2015

March soybeans:

1. In our Wednesday, Jan. 7 Williams edge live meeting it was noted that March soybeans were expected to decline from roughly $10.53 to $10.42/$41 (or lower) into late last week (week of Jan. 5).

2. Our Thurs., Jan. 8 March soybean report further indicated that soybeans were in a ‘Sell’ position at the then current price of $10.47). Aggressive traders were encouraged to hold some remaining short position for the possibility of a price completion below $10.42/$41.

3. Although soybeans showed tricky behavior in completing the $10.42/$41 downside target, it did complete the price target and also broke to substantially lower prices as well. Aggressive shorts should exit any final positions at current prices (current price, $10.17). Will message any further entry or indication in March soybeans.

David Williams

Issued: 01/08/2015

March soybeans:

1. In yesterday’s (Wednesday, January 7) Williams edge live meeting it was noted that March soybeans were expected to decline from roughly $10.53 to $10.42/$41 (or lower) into late this week.

2. While $10.42/$41 is now only $.06 ($300/contract) lower, today’s sharp decline further confirms the forecast and places soybeans into a ‘Sell’ position at current prices (current price $10.47).

3. Aggressive can consider the above trade and hold some remaining position for the possibility of prices low $10.42/$41. Will update in tomorrow’s session.

David Williams