1. In Mondays (June 5) Williams edge live meeting (and subsequent meetings) it was noted that July soybeans should be bought above $9.25 for an initial advance to $9.35/$36. A continuation ‘wildcard‘ advance was further indicated placing July soybeans at $9.45/$46 into Thursday, June 8 (+/-1 day).
2. Subsequently, July soybeans broke out above $9.25 and made its initial profit target at $9.35/$36 (swing high, $934.4). The market reversed off that level but later recovered and went on to complete the $9.45/$46 upside target. This successfully completes the forecast/trade. Will message any further entry or indication in July soybeans.