05/24/2016 – Soybeans

July soybeans:

1. In yesterday’s (Monday, May 23) Williams edge live meeting it was noted that a daily close below $10.62 in July soybeans could be sold short for a continued decline to $10.43/$42 into Tuesday, May 24.

2. Subsequently, July soybeans closed at $10.56 (well below $10.62) prompting new short entry. Today (Tuesday, May 24) July soybeans completed the $10.43 downside target (today’s session low, $1043.40, so far). This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.

David Williams