05/29/2014 – Soybeans
July soybeans:
1. In our Wed., May 28 Williams edge live meeting it was noted that July soybeans would likely advance from $14.83 to $15.07/$08 into today, Thursday, May 29 (+/-1 day).
2. July soybeans remained above $14.83 and quickly advanced to the forecast $15.07/$08 upside target in today’s (Thursday, May 29) session (today’s session high, $15.08). This completed the forecast/trade. Will message any further entry or indication for July soybeans.
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.