07/20/2016 – Soybeans

November soybeans:

1. In today’s (Wednesday, July 20) Williams edge live meeting it was noted that any confirmed breakout below $10.21 in November soybeans (then trading at approximately $10.29) would indicate a tradable decline to $10.05.

2. Shortly after the meeting November soybeans broke the $10.21 level and quickly declined to $10.05 (today’s session low, $10.04, so far). This successfully completes the forecast/trade. Will message any further entry or indication in November soybeans.

David Williams