05/05/2014 – Soybeans

Issued: 05/05/2014

July soybeans:

1. Sunday’s (May 4) July soybean update indicated a likely continued advance to $14.83/$85 into Monday, May 5 then a reversal and decline.

2. Today’s (Monday, May 5) session advanced to $1482.50 on the upside before reversing and declining $22 cents off that level.

3. Today’s decline could prompt new long entry, as noted in the original update. Will message any such entry as the market confirms.

David Williams

Issued: 05/04/2014

July soybeans:

1. Friday, May 2 (+ 1 day) is the next important daily market bottom in July soybeans. A tradable multi-day advance is expected off this bottom.

2. Any further advance to approximately $14.83/$85 (or slightly higher) followed by a downside reaction may prompt new long entry. Will message any alternate long entry in tomorrow’s ((Monday, May 5) session as the market continues to confirm.

David Williams

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.