06/24/2016 – Soybeans

November soybeans:

1. On Wednesday, June 22 (and later) it was noted that the natural position for November soybeans was a sharp decline to $10.83/$82. The current price was approximately $11.12.

2. Subsequently, November soybeans declined sharply and today (Friday, June 24) completed the $10.83/$82 downside target, completing the forecast/trade. Will message any further entry or indication in November soybeans.

David Williams