07/24/2015 – Soybeans

Issued: 07/23/2015

November soybeans:

1. Today’s breakdown below $9.91 in November soybeans is an important early indication for substantially lower prices, including a test/attempt at $9.72, then $9.68, or lower into Monday, July 27 (+/-1 day).

2. Aggressive can short the market at $9.84. Partial short position exit should be taken at/near $9.78, and the remainder held for further exit at/near $9.72 and $9.68.

3. Once short, a daily close above $9.92 will act as the protective stop, for now. Will update as the market continues to confirm.

David Williams

Issued: 07/23/2015

November soybeans:

1. We noted in today’s (Thursday, July 23) earlier report that today’s breakdown below $9.91 in November soybeans was an important indication for substantially lower prices, including a test/attempt at $9.72, then $9.68, or lower into Monday, July 27 (+/-1 day).

2. Aggressive were instructed to short the market at $9.84. Partial short position exit were to be taken at/near $9.78, and the remainder held for further exit at/near $9.72 and $9.68.

3. Today’s November soybean market declined to the $9.78/$77 initial downside profit target.

4. Our protective buy stop has been lowered to $9.87. Will update.

David Williams

Issued: 07/24/2015

November soybeans:

1. We noted in today’s (Thursday, July 23) earlier report that the breakdown below $9.91 in November soybeans was an important indication for substantially lower prices, including a test/attempt at $9.72, then $9.68, or lower into Monday, July 27 (+/-1 day).

2. Aggressive were instructed on Thursday, July 23 to short November soybeans at $9.84. Partial short position exit were to be taken at/near $9.78, and the remainder held for further exit at/near $9.72 and $9.68. The $9.78/$77 initial profit target occurred in Thursdays July 23 later session.

3. Today’s (Friday, July 24) November soybean market declined further and completed the $9.72 final downside profit target (session low, $9.72.4, so far).

4. Any remaining short position can be held for the possibility of lower prices including $9.68 (noted in original update) or lower.

5. If holding for lower prices, our protective buy stop should be lowered to $9.81. Will update.

David Williams

Issued: 07/24/2015

November soybeans:

1. Today’s November soybean market completed the forecast decline from $9.84 to $9.68, resulting in a successful trade. Will message any further entry or indication in November soybeans.

David Williams