1. On Friday, May 12 we indicated that daily closes above $9.63/$64 in July soybeans would indicate new long entry for an advance to $9.75 an initial upside target. A possible continuation move to substantially higher prices was indicated that acquired a daily close above $9.75/$76, which did not occur.
2. Subsequently, on Monday, May 15 July soybeans closed above $9.63/$64 (at $9.65) indicating new long entry. The market advanced and completed the $9.75 upside target on Thursday, May 17 (swing high, $9.80). This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.