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09/02/2014 – Soybeans

Issued: 09/02/2014

Nov. soybeans:

1. Nov. soybeans continue to react off the recent $10.23 downside target (lowest recent daily close, $10.23).

2. Under normal conditions, soybeans will test/attempt $10.39 (or higher) into tomorrow (Wed. September 3, +/-1 day).

3. Aggressive can go long at market (current price, $10.31)

4. Initial long position exit should be taken at/near $10.36, then $10.39 and any remainder held for higher prices to be messaged in a subsequent update.

5. Initial protective sell stop should be placed at $1026. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 09/02/2014

Nov. soybeans:

1. Aggressive remain long Nov. soybeans from at or above $10.31 noted in today’s (Tues., Sept. 2) previous update..

2. The market effectively completed both $10.36 and $10.39 upside targets noted in the report (today’s session high, $10.38, so far).

3. For those holding any remaining long position, our protective sell stop has been raised to $10.28. This stop will be moved higher as 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.