1. In last Wednesdays (July 1) Williams edge live meeting it was noted that July wheat (then trading at approximately $5.78) should continue to decline and test $5.68 on the downside. This indication was not intended to be traded but rather as a test of the Roadmap principal on July wheat.
2. Subsequently, July wheat declined further and today (Monday, July 6) completed the $5.68 downside target with today’s session low at $567.2. This completes the Roadmap in July wheat and helps confirm wheat as another tradable market under Williams edge.