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05/06/2014 – Soybeans

Issued: 05/05/2014

July soybeans:

1. Continued hourly closes in July soybeans above $14.56/$54 in tomorrow’s (Tuesday, May 6) session will be the earliest indication for a multi-day advance and test/attempt at $14.72 (or higher) into Wed., May 7 (+/-1 day).

2. Will message any new entry in tomorrow’s session if the market confirms as noted above.

David Williams

Issued: 05/06/2014

July soybeans:

1. Today’s July soybeans closed hourly below the $14.56/$54 level noted in the previous update, negating new long entry and indicating the likelihood of lower prices.

2. A daily close today below $14.51 is the weaker position and may prompt new short entry for test/attempt at $14.25/$24. Will update as the market confirms.

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.