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06/19/2014 – Soybeans

Issued: 06/19/2014

Nov. soybeans:

1. Today’s (Thursday, June 19) Nov. soybeans continued on the recent forecast advance from yesterday’s (Wed., June 18) long entry at $12.09 and reached our second upside profit target at/near $12.18 (today’s session high, $12.18).

2. Higher price targets will be messaged in a subsequent update. Until then we remain long our final 1/3 position.

3. Our protective sell stop has been raised to $12.09. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 06/19/2014

Nov. soybeans:

1. Our protective sell stop has been raised to $12.18 in Nov. soybeans. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 06/20/2014

Nov. soybeans:

1. Today’s (Friday, June 20) Nov. soybeans session declined and triggered our recently adjusted protective sell stop at $12.18, resulting in the exit of our remaining 1/3 long position from $12.09. This resulted in a successful trade. Will message any further entry or indication as the market confirms.

David Williams

Issued: 06/18/2014

Nov. soybeans:

1. $12.09 is now buying territory/new long position in Nov. soybeans for a multi-day advance off the Tuesday June 17 daily bottom.

2. Once long, initial long position exit should be taken at/near $12.18. Further long position exit will be messaged in a subsequent update. If the $12.09 buying territory is not hit, a subsequent long entry may be messaged.

3. Once long, a protective sell stop should be placed at $12.01. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 06/18/2014

Nov. soybeans:

1. Today’s Nov. soybeans declined and triggered our long entry at $12.09 (session low, $12.06).

2. Exit a small portion of your position at current prices (current price $12.12).

3. Move protective sell stop up to $12.02. Will update.

David Williams

Issued: 06/18/2014

Nov. soybeans:

1. We remain long Nov. soybeans from $12.09 after taking partial exits at $12.12.

2. Our protective sell stop has been moved to $12.04. This stop will continue to be moved higher as the market continues to confirm.

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.