05/20/2016 – Soybeans

July soybeans:

1. In Wednesdays (May 18) Williams edge live meeting it was noted that a daily close below $10.80 in July soybeans could be sold short for immediate decline to $10.59.

2. Subsequently, July soybeans closed at $10.73 indicating new short entry. The market has since declined sharply and completed the $10.59 downside target (session low, $10.51). This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.

David Williams