1. During much of last week and on Friday, April 21 in our Williams edge meeting it was noted that any confirmed breakout above $9.52 in May soybeans would prompt new long entry for $9.60 an initial upside target.
2. Subsequently, May soybeans broke out above $9.52 and today (Monday, April 24) completed the $9.60 initial upside target (today’s session high, $959.60, so far). This successfully completes the initial forecast. Higher prices remain possible and will be updated in today’s meeting.