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08/26/2014 – Soybeans

Issued: 08/20/2014

Nov. soybeans:

1. In today’s Williams edge live meeting it was noted that Nov. soybeans were now in a weaker position and could be sold short upon a daily close below $10.38. Today’s Nov. soybean session closed at $1037.20, which is considered neutral (not enough below $10.38 to warrant new entry).

2. Although today’s daily close did not trigger new entry, the initial downside profit target is $10.23/$22 (or lower). Will message any new entry in tomorrow’s session if the opportunity occurs.

David Williams

Issued: 08/26/2014

Nov. soybeans:

1. Our previous (Wed., Aug. 20) report indicated that Nov. soybeans could be sold short upon any daily close below $10.38 for a test/attempt at $10.23/$22 (or lower).

2. Yesterday’s (Monday, Aug. 25) session broke below $10.38 and closed at $10.28.

3. Although much of the forecast initial decline occurred upon yesterday’s close, those following the Wed., Aug. 20 report entered short upon yesterday’s daily close ($10.28) and exited 1/2 position at/near $10.23/$22 (today’s session low, $10.24, so far).

4. Lower prices remain possible. Will message final short position exit in a subsequent update.

5. An initial protective buy stop should be placed at $10.30. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 08/26/2014

Nov. soybeans:

1. We remain short Nov. soybeans from yesterday’s (Mon., Aug. 25) daily close at $10.28.

2. Final short position exit should be taken at/near $10.16/$14. The completion of those levels may require into tomorrow’s (Wed., Aug. 27) session.

3. Our protective buy stop has been lowered to $10.29. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 08/26/2014

Nov. soybeans:

1. Today’s Nov. soybean market reversed after completion of the $10.23/$22 downside target noted in previous updates (today’s session low, $10.19) and triggered our $10.29 protective buy stop. This resulted in a successful trade.

2. Lower prices remain possible, as noted in our previous report. Will message any reentry if 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.