10/31/2016 – Soybeans

November soybeans:

1. Beginning on October 19 and later we noted that November soybeans were likely to continue to advance into the week of November 7 (+/-1 week) and test $10.20 (or higher) during that timeframe.

2. November Soybeans subsequently advanced from the then current price of approximately $9.76 and on Thursday, October 27 completed the forecast $10.20 upside target (swing high, $10.20). This successfully completes the forecast/trade. Will message any further entry or indication in November soybeans.

David Williams