05/11/2017 – Soybeans

July soybeans:

1. In yesterday’s (Wednesday, May 10) Williams edge live meeting it was noted that any hourly or especially daily closes below $9.83 in July soybeans would indicate a tradable decline to $9.72, then $9.67/$65 into early next week.

2. Subsequently, July soybeans declined quickly and today (Thursday, May 11) completed the $9.67/$65 final downside target (today’s session low, $9.63, so far). This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.

David Williams