05/05/2017 – Soybeans

July soybeans:

1. In last Fridays (April 28) Williams edge live meeting it was noted that a daily close above $9.53 in July soybeans could be bought for advance to $9.65/$.70 initial profit target, then $9.83/$85 final upside target expected into Thursday, May 4 (+/-1 day).

2. Subsequently, July soybeans closed daily on Friday, April 28 at $9.55 and today (Friday, May 5) completed the $9.83/$85 final upside target (today’s session high, $9.83, so far). This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.

David Williams